Actuarially reduces an annuity from the normal date to the early date.

Note: Do not use this function if the underlying actuarial basis uses segment rates. For these calculations, you should instead use a ratio of annuity factors.

GETEARLYADJUST(EarlyDate, NormalDate, BasisDate, "AnnuityDef", Method)

• EarlyDate: the date to which the reduction is applied.
• NormalDate: the date from which to reduce.
• BasisDate: the date on which actuarial equivalence should be determined (only applies if actuarial basis uses variable interest or mortality).
• "AnnuityDef": name of the annuity factor that specifies the payment parameters of the annuity being reduced. This name must be enclosed in quotes.
• Method: indicates which method should be used when developing the reduction factor as follows:
  • 0: Mortality and Interest
  • 1: Interest Only
  • 2: Mortality but only interest during the accumulation period
  • 3: Ratio of Nx
  • 4: Interpolated integer-age increase factors

• GETEARLYADJUST(ACD, NRD, ACD, "annuity_LRF", 3): returns a reduction factor from NRD to ACD.