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. |