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Do you have a monthly pension?
Do you have a monthly pension?

This video demonstrates entering a monthly pension in the Annuities and Pensions section of My Plan.

Nancy Gates avatar
Written by Nancy Gates
Updated over a week ago

Pension Plan Name - Enter a descriptive name for your pension.

Monthly Income - The amount you expect to receive in today's dollars.


Taxable - If you will pay Federal and State taxes on this income select "Yes." If you will pay Federal taxes on this income select "Fed Only." If you will not pay taxes on this income select "No."

COLA - Select "Yes" if you expect a cost of living adjustment. Select "No" if you do not expect a cost of living adjustment.

Survivor Benefit - Select "No" if you have elected that a beneficiary will not receive pension payments after you pass. Select the appropriate percentage if you have elected that a beneficiary will receive pension payments after you pass.

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