Pensions

You have the ability to enter monthly and lump sum pensions in My Plan.

Monthly Pensions

STEP 1: Head on over to My Plan > Income and select Add a Pension +

STEP 2: Select the user who will receive the pension

STEP 3: Select Monthly

STEP 4: Tell us whether you are already receiving the pension

STEP 5: Enter a descriptive name for the pension

STEP 6: Enter the monthly pre-tax income

STEP 7: Select the start and end ages (as applicable)

STEP 8: Select the COLA (if applicable)

STEP 9: Select the tax treatment

STEP 10: Select the survivor benefit (if applicable)

STEP 11: Save

Lump Sum Pensions

STEP 1: Head on over to My Plan > Income and select Add a Pension +

STEP 2: Select the user who will receive the pension

STEP 3: Select Lump Sum

STEP 4: Enter a descriptive name for the pension

STEP 5: Enter the payment amount of the lump sum in future dollars

STEP 6: Select the payment age

STEP 7: Select the account where you expect to deposit the pension

STEP 8: Select the tax treatment

STEP 9: Save