Retiree Payment Types

The following are the retiree payment types:

Field or Control Description

Retiree Amount

Amount due to the retiree. Except in the case of lump sums, this is normally a monthly amount payable until death.

Retiree Pre-SSRA Amount and Post-SSRA Amount

Under a level income option, a retiree's benefit is higher before the retiree reaches social security retirement age and is lower afterwards when the retiree has presumably started receiving social security benefits. Therefore, LIO forms produce two separate retiree amounts, identified as the pre- and post-SSRA amounts.

Pop Up Amount

Under a pop-up form of payment, the retiree amount increases if the beneficiary predeceases the retiree. The pop-up amount is this increased retiree amount.