Note:
The Annuity Benefit Payment Update Type will be displayed if the Benefit Event Category is Death and there is a Lump Sum benefit defined in the Benefit Package.
Provides for the capture of various living annuity update types. Refer to Member living annuities payable below.
From the JU8CN Benefit Payment Process screen, highlight ANNUITY, then click PROCESS.
The JU4DB Annuity Process screen will be displayed.
This screen is used to update each of the living annuity update types displayed. The following is a complete list of the living annuity update types that may be displayed:
- Investments *
- Inv Switch *
- Annuity amount
- Bank accounts
- Membership group
- Address details
- Notes
- Beneficiaries
- Switching *
* These update types only apply to LIVING ANNUITANTS, and will not be displayed for an ANNUITANT.
Refer to
Processes
Regular Payments
Processing Benefit Payments for Retirals
Processes
Regular Payments
Annuitant Update Types
Processing the Annuitant Update Types
Return to the JU8CN Benefit Payment Process screen, then click CLOSE to close this update type.
My Work
When the Payable from Fund indicator for the Pension Payment field on the on the JU4AO Payment screen for a Retirement Claim has been selected and the claim has been authorised by the user, the system creates a Service Request in the JU7AB Work Management List screen in My Workwith a Process Name of CAPTURE ANNUITY and an Activity name of CAPTURE ANNUITY.
For more information refer to
My Work
Process SR
Capture Annuity