A good source of information on the different retention method options in RMM 
is the DFSMSrmm Primer:
http://www.redbooks.ibm.com/abstracts/sg245983.html?Open ... this IBM Redbook 
provides a highlight of the different functions within RMM including the 
different retention methods that can be used ... retention through VRS policies 
RETENTIONMETHOD(VRSEL) and retention through expiration RETENTIONMETHOD(EXPDT). 
  After that you can look at Chapter 3 Retention Methods in the following RMM 
manual ... 
https://www-01.ibm.com/servers/resourcelink/svc00100.nsf/pages/zOSV2R3sc236873/$file/idarm00_v2r3.pdf
 for an overview of each.

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