The following logic is used to track changes in status and thereby determine actual experience for active decrements , (k = cause of decrement, applied to life of member x) and inactive mortality, . Note that:

• Valid status codes are "active", "retired", "retired & cashed out", "vested", "vested & cashed out", "disabled", "disabled & cashed out", "survivor", "survivor & cashed out", "death", or "non-participating".

• The status "non-participating" is assigned to a member who is missing a record as of the valuation date (i.e., the life is omitted from that year’s database).

• Records with a "non-participating" status (including absent records) as of the beginning of the year are excluded from the exposure for that year.

• The "cashed out" statuses always indicate end of year results, and status as of the beginning of the following year is "non-participating". Records with these statuses are excluded from the following year’s beginning-of-year counts and exposure. 

Active decrements

For participants with the beginning-of-year status coded as "active",

if end of year status is "retired" or "retired & cashed out" (or if end of year status is "vested", "vested & cashed out" or "non-participating", but the participant is eligible for retirement at the assumed date of decrement and actuarial assumptions assume termination rates cease upon attaining retirement eligibility);

 if end of year status is "vested", "vested & cashed out" or "non-participating" (or if end of year status is "retired" or "retired & cashed out", but the participant is not eligible for retirement at the assumed date of decrement);

if end of year status is "survivor", "survivor & cashed out" or "death";

if end of year status is "disabled" or "disabled & cashed out".

 

Inactive mortality

For participants with the beginning-of-year status coded as "retired", "vested", or "disabled",

if end of year status is "survivor", "survivor & cashed out", "death", or "non-participating".

 

For participants with the beginning-of-year status coded as "survivor",

if end of year status is "death" or "non-participating".

 

For participants with a contingent annuitant y (i.e., a beneficiary or dependent) at the beginning of the year,

if no contingent annuitant exists at end of year. There are two exceptions:

1. 1) If =1 and end of year status is "retired", "retired & cashed out", "vested", "vested & cashed out", "disabled", "disabled & cashed out", "survivor", or "survivor & cashed out" (i.e., inactive), then =0. In other words, if member died but the record still has an inactive participating status, then the beneficiary must still be alive.

2. 2) If beginning-of-year status is "retired", "vested", or "disabled" and end of year status is "active" (i.e., rehired), then =0.