The Social Security Benefit topic is available for the two (2) payment form types that attempt to provide a level benefit payable both before and after social security benefits commence:  the Social Security Level Income and Joint Life & Social Security Level Income payment form types.  This topic defines the social security benefit that will be assumed to be payable, the age it is assumed to commence payment, and whether the payment form becomes unavailable if the accrued benefit cannot support a specified minimum post-social security commencement benefit. 

There are four (4) options for defining the assumed Social Security benefit for calculation: 

1. #PIA indicates that the social security benefit assumed to become payable is that calculated by ProAdmin's default #PIA operator.


2. #PIA custom operator indicates that the social security benefit assumed to become payable is that calculated by the specified U.S. Social Security PIA custom operator. The multi-choice field will display all of the custom #PIA operators available in the current Project.  The  button accesses the library to create and modify #PIA Custom Operators.

If Apply override database field is checked, the results of the specified #PIA operator is overridden by the specified database field when that field produces a "non missing-value" result.  This is useful, for example, when the member can provide their actual social security benefit, and, if provided, that amount should be used in lieu of ProAdmin's estimated value.  

3. Benefit formula component indicates that the social security benefit assumed to become payable is calculated using the selected Benefit Formula Component.
    
4. Database field or expression indicates that the social security benefit assumed to become payable is as defined by the database field expression in the formula box. Enter the expression or data dictionary field into the box.

There are three (3) alternatives for defining the assumed Social Security commencement age.  Social Security benefit assumed payable at: may be specified as:

1. Age indicates that there is a specific age at which the Social Security PIA is assumed to commence and, therefore, at which this Social Security Level Income Option form benefit changes value. Enter the integral age in the box.

2. Social Security Normal Retirement Age indicates that this Social Security Level Income option's benefit values change at the participant's (potentially fractional) Social Security Normal Retirement Age.

3. Date field indicates that this Social Security Level Income option benefit values change at the date in the specified date field. The multi-choice field displays all Data Dictionary fields in the current Project that are defined to be dates. Select the field containing the date at which the Social Security Level Income option payments change.

Not available unless post-SS annual benefit is at least, if checked, indicates that the Social Security Level Income (or Joint Life & Level Income) option is not available unless the annual benefit payable to the member after Social Security PIA commences is at least the specified amount. Enter the minimum required post-Social Security annual benefit payable under this payment form into the accompanying box.