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Pensions

This article describes entering a Pension in your Plan.

Nancy Gates avatar
Written by Nancy Gates
Updated over 10 months ago

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

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