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#MEMPMTAGE (OPEB mode)

Returns member payment age (after decrement), i.e., member age on the anniversary of the valuation date in the year of payment, unrounded (OPEB mode only)

If rounded results are desired, use with #ROUND#INT, or #FLOOR.

Age is measured on the anniversary of the valuation date in the year of payment, regardless of 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.  Age will always be the age of the member, if spouse age is desired see #PMTAGE

Syntax:

#MEMPMTAGE

Examples:

RETFORM * (#MEMPMTAGE>=60)

Retirement formula payments start with first payment on or after the member attains age 60 (on or after 60th birthday).

Related Operators:

#PMTAGE 

#DECAGE

#DECPTS

#DECSVC

#DECYEAR

#PMTYEAR