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", "Vested valued through active", "Vested valued through active & 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", "Vested valued through active", Vested valued through active & 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", "Vested valued through active", Vested valued through active & 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".

 

Vested valued through Active decrements

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

 if end of year status is "Retired" or "Retired & cashed out" 

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

 

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. This is true for participants with both beginning-of-year status and end of year status coded as "survivor".  There are two exceptions:

1. For participants with the beginning-of-year status coded as "retired", "vested" or "disabled" and end of year status coded as "survivor" or "survivor & cashed out", then =1 and =0.  If member died but the record still has an inactive participating status, then the beneficiary must still be alive.  Note, if end of year status is "death", or "non-participating", then =1 and =1. 

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