I think the programming for 'no expiration' ends 2030. We have 'no expiration' disney tickets and they all have 12/31/2030 expirations on them. That said, most e-tickets have a 'time' expiration, but retain the value of the original purchase price. I'm thinking if they put a 2030 expiration, they are treating the e-ticket is a certificate redemption --- 1 Annual Pass for the e-ticket starting the date of initial redemption. Just guessing though, but does sound like it.