If your client is expecting to receive retirement income from a Defined Benefit pension, enter the expected income as a pre-tax monthly or annual amount. If they are currently retired, enter the amount they are receiving today.
*In some cases, it is possible that a client could also be receiving income from more than one pension plan and/or a bridge benefit. In this situation it is recommended you enter the extra income through the Pension Drill-Down 
.
Monthly Income: Enter the expected monthly taxable pension income. The software will automatically calculate the annual income expected based on the monthly income entered. Enter any Defined Contribution pensions in the Locked-In Plans section.
Annual Income: Enter the expected annual taxable pension income. The software will automatically calculate the monthly income expected based on the annual income entered. Enter any Defined Contribution pensions in the Locked-In Plans section.
Index (% inflation): If the pension income offers indexing, enter the expected indexing as a percent of inflation. For example, if inflation is entered at 3% and you enter 50% in this field, the software will assume an increase of 1.5% per year.
Start At: Select ‘Retirement’ from the drop-down to have the pension income begin at retirement, or select ‘Age’ to establish a specific age.
Survivor (%): Some pensions offer a survivor benefit allowing a portion of the income to pass on to a surviving spouse should a client die. Enter the survivor portion as a percent of the total income. The software requires this information to properly calculate a client’s Human Capital value.
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