Steps to reproduce:
1.Open a page with VE
2.Insert the template "Citation needed"
3.Observe that in the field for "Month and year", the following has been used:
4.Now click on "Apply Changes"
5.Save the page
6.Reopen the page
7.Open the transclusion dialog for the "Citation Needed" template
The current month name and current year value did not get added in the field.