Maximum Event Retention Economic or Property Downturn Year The dimension is used to categorise reported information according to the Economic or Property Downturn Year, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116. Year 1 of MER Economic or Property Downturn The information reported is in relation to Year One of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116. Year 2 of MER Economic or Property Downturn The information reported is in relation to Year Two of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116. Year 3 of MER Economic or Property Downturn The information reported is in relation to Year Three of the Three Year Economic or Property Downturn assumption, as determined for Maximum Event Retention (MER) calculation purposes in accordance with Prudential Standard GPS116.