Defining Plan Aliases

Use the Plan Aliases page to identity the appropriate employee accounts and track final employee contributory balances.

Note:

You identify the account in the Employee Contribution Account file.

The pension payment process copies the account information to a payment summary record. The system also uses this record to keep a running balance of the total benefits paid and the nontaxable benefit paid. You can view the final account balances and the running payment totals on the Review Balances and Totals page.

Every time you make payments, the system compares an employee's final posttax contributions to the total nontaxable benefit paid out by the plan. After a retiree has recovered all the posttax contributions as nontaxable income, the system no longer treats any portion of the retiree's benefit payments as nontaxable.