Returns the calendar year of the anniversary of the valuation date in the year of payment (after decrement), e.g., 2020 (OPEB mode only)

The year is determined without regard to the setting selected for claims payment timing under the Other Valuation Parameters topic of Valuation Assumptions or the setting selected for decrement timing under the Decrements topic of Valuation Assumptions. For example, if the valuation date is 10/1/2006, then payment years begin on 10/1 (and end on 9/30). If claims timing is mid-year, a payment received on 4/1/2027 occurs within the 10/1/2026 through 9/30/2027 payment year and the anniversary of the valuation date in this payment year occurs on 10/1/2026. Thus #PMTYEAR returns 2026, not 2027.

Syntax:

#PMTYEAR

Examples:

RETFORM * (#PMTYEAR<2010)

If the valuation date is January 1, zero out payments under the retirement formula unless received before 2010.

If the valuation date is October 1, zero out payments under the retirement formula unless received before 10/1/2010.

RETFORM * [#PMTYEAR #IN (2006,2007,2008,2009,2010)]

If the valuation date is January 1, zero out payments under the retirement formula unless received in 2006, 2007, 2008, 2009 or 2010.

If the valuation date is October 1, zero out payments under the retirement formula unless received between 10/1/2006 and 9/30/2011, inclusive.

Related Operators:

#DECAGE

#DECPTS

#DECSVC

#DECYEAR

#PMTAGE