Retirement Process (Online)

The Retirement process is used to process a plan member's retirement. The individual process events in the Retirement process are meant to be run in sequence.

Host Events	Description	Supporting Views
Application Submission	Launches the Document Upload wizard and uploads the retirement application	Demographic and Employer Demographic and Employer Calculations Calculations Summary Summary Compensation Compensation Member Documents Member Documents
Retirement Calculation (DB Example, DC Example)	Launches the Retirement Calculation wizard, calculates the benefit and saves it as 'Pending'.	Demographic and Employer Demographic and Employer Earnings/Service Earnings/Service Contributions Contributions Summary Contributions Calculations Calculations
Retirement Option Letter	Creates a report to specify the member's options.
Election of Benefits	Launches the Document Upload wizard to upload the 'returned' options form.
Final Processing (DB Example, DC Example)	Launches the Disbursement wizard to set Payment, Tax, and Deduction Instructions and saves the calculation as 'Process'.	Payment Instructions Payment Instructions Tax Instructions Tax Instructions Deduction Instructions Deduction Instructions Pensioner Status Pensioner Status Pension Form Pension Form
Retroactive Revisions	Launches a Recalculation Wizard.	Calculation, Summary Contributions Compensation
View Pension Information	Displays the member's Pension Disbursements.	Pension Status Pension Form Tax Instructions Payment Instructions
View Lumpsum Information	Displays the member's Lumpsum disbursements.	Payment Instructions (Lumpsum), Tax Instructions (Lumpsum), Cheque Register