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Payment forms

This section of the Benefit Definition identifies the normal form of payment for the Benefit Definition (for actuarial equivalence calculations) as well as any available optional forms of payment.

Click the Add/Omit button to add payment forms to the Benefit Definition from those already defined in the Payment Forms library.  If a payment form is required that is not currently in the library, click the New button to create it, or highlight a payment form already in the list and click the Edit button, make the necessary changes, and then Save as New.  The payment forms in the list can be sorted as desired by clicking on any one of the available columns:  Order, Type, Name, Tag, or Modified date.  The Order indicator controls the order of display in the Summary Results of a completed calculation.  The default order is the order that the payment forms were added to the Benefit Definition, but the Reorder button can be used to define the desired order for the output.

Select the Normal Form of payment from the list of payment forms in the Benefit Definition that are parameterized as unreduced normal forms under the Payment Form library Conversion from Normal Form topic.