Understanding Pension Status Codes

Pension status codes categorize participants based on pension-related information. Pension status codes are plan specific and effective-dated, enabling you to track an employee's changing status in a plan over time. These status codes are more than just informational. They are also the foundation for the actuarial valuation extract and the Form 5500 reporting.

Pension Administration maintains pension status codes in three ways:

Status Types	How Maintained	Included Statuses
Active and terminated employees.	Periodic processing assigns codes based on criteria that you define. These criteria typically come from the participant's personal data, job data, employment data, and pension calculation results.	ANP: Active, not yet participating. APR: Active participant. AVS: Active, accrue vesting only. ANS: Active, not accruing service. A70: Active, over age 70 1/2. TNV: Terminated, not vested. TDF: Terminated, deferred benefit (vested).
Participants who are awaiting their first payments, and deceased participants.	Manually assign the status according to when specified events occur.	RDF: Retired, deferred benefit. DDF: Disability retired, deferred benefit. BDF: Beneficiary, deferred benefit. QDF: QDRO payee, deferred benefit. XBP: Deceased, with beneficiary. XNB: Deceased, no benefit or beneficiary.
Participants who have started receiving payments.	The system's payment process automatically assigns codes based on the payment instructions.	TST: Terminated, payment complete. TPY: Terminated, in pay status. TDF: Terminated, deferred benefit. RST: Retired, payment complete. RPY: Retired, in pay status. RDF: Retired, deferred benefit. DST: Disability retired, payment complete. DPY: Disability retired, in pay status. DDF: Disability retired, deferred benefit. BST: Beneficiary, payment complete. BPY: Beneficiary, in pay status. BDF: Beneficiary, deferred benefit. QST: QDRO payee, payment complete. QPY: QDRO payee, in pay status. QDF: QDRO payee, deferred benefit.

Status Types

How Maintained

Included Statuses

Active and terminated employees.

Periodic processing assigns codes based on criteria that you define. These criteria typically come from the participant's personal data, job data, employment data, and pension calculation results.

ANP: Active, not yet participating.

APR: Active participant.

AVS: Active, accrue vesting only.

ANS: Active, not accruing service.

A70: Active, over age 70 1/2.

TNV: Terminated, not vested.

TDF: Terminated, deferred benefit (vested).

Participants who are awaiting their first payments, and deceased participants.

Manually assign the status according to when specified events occur.

RDF: Retired, deferred benefit.

DDF: Disability retired, deferred benefit.

BDF: Beneficiary, deferred benefit.

QDF: QDRO payee, deferred benefit.

XBP: Deceased, with beneficiary.

XNB: Deceased, no benefit or beneficiary.

Participants who have started receiving payments.

The system's payment process automatically assigns codes based on the payment instructions.

TST: Terminated, payment complete.

TPY: Terminated, in pay status.

TDF: Terminated, deferred benefit.

RST: Retired, payment complete.

RPY: Retired, in pay status.

RDF: Retired, deferred benefit.

DST: Disability retired, payment complete.

DPY: Disability retired, in pay status.

DDF: Disability retired, deferred benefit.

BST: Beneficiary, payment complete.

BPY: Beneficiary, in pay status.

BDF: Beneficiary, deferred benefit.

QST: QDRO payee, payment complete.

QPY: QDRO payee, in pay status.

QDF: QDRO payee, deferred benefit.

The five deferred benefit statuses (TDF, RDF, DDF, BDF, and QDF) are grouped into two categories. Set these manually—or, in the case of TDF, using periodic processing—at the time that you create the payee records in preparation for the first pension payments. If payments are later suspended, the payment process reassigns the deferred benefit status.

At implementation time, you perform three tasks related to pension status codes:

Set up criteria for the first group of status codes.
Match all possible pension statuses to actuarial valuation categories.
Choose how to report on employees based on their changing valuation categories over the year.