Location: Benefit Estimates Process/Retirement Inquiry
Use the following steps as a guide to perform a retirement inquiry in a DB plan.
Ensure that the correct plan is selected and from the Benefit Estimates process, click to select the Retirement Inquiry event. The system displays the Calculation wizard with the Calculation Type 'Retirement' selected.
If necessary, use the Calendar to change the defaults for Date of Retirement and Trade/Payment Date and then click Next to continue. The system displays a Custom Parameters page that may be used to add additional service or override the calculated pension.
Enter Additional Service and/or Pension Override amounts, if appropriate and click Next to display a Summary.
If the Summary is correct, click Next. The system displays the Calculation Results worksheet.
If necessary, select the Options tab to display the member's retirement options. In the example shown, the member has eighteen options. The number of options depends on the number of optional forms that have been set up for the plan and on the Disbursement rules.
Select the General tab to display member demographic information and other general information about the calculation.
Select the Service tab to display member service information.
Select the Contributions tab to display the member's contributions information.
Select the Factors tab to display member actuarial basis information.
Select the Earnings tab to display member earnings information.
Select the Summary tab to display the member's Benefit Summary and Benefit Summary by Source.
Select the Pension tab to display the member's pension information.
To save the calculation, scroll down and click Finish. The system saves the calculation as Quote and displays the Calculation History browser from which you can open and review the calculation.
Build 1136
