Beneficiary Payment Types

The following are the beneficiary payment types:

Field or Control Description

Plan Beneficiary Amount

Amount payable to a spouse beneficiary on the retiree's death. This can come from two different sources: a joint and survivor form (or any form that includes a percent continued) elected by the retiree, and an automatic plan benefit for which there is no actuarial reduction.

Nonspouse Beneficiary Amount

Amount payable to a non-spouse beneficiary after the retiree's death under a joint and survivor form of payment.

Spouse Demonstration JS (spouse demonstration joint and survivor)

If a married retiree selects a non-spouse beneficiary, the retiree's spouse is entitled to know the amount that would have been payable to the spouse if the retiree had named the spouse as the beneficiary. This is different from the non-spouse beneficiary amount because the actuarial adjustment is based on the spouse's age rather than the non-spouse beneficiary's age.

Survivor Amount

In a last to survive form, the amount due to the retiree or spouse after the other one has died.