Updating Pension Status When a Retiree Dies

To manually update the pension status of a participant who dies, access the Identify Pension Status page.

Set the status to either Deceased-With Beneficiary or Deceased-No Benefit/Beneficiary.

If you fail to update the status, the payment process automatically sets the status to Retired-Payment Complete the next time it runs. This affects the Form 5500 Participant Count report, which is based on pension statuses.