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I received a statement from SS for a Pension Plan and I'm…

Customer Question
I received a statement...

I received a statement from SS for a Pension Plan and I'm not sure how to interpret the information in the various boxes.

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.

In one box titled "Estimated Amount" there is an amount in it, the type of benefit is "C" and the payment frequency is "E". I really don't understand what all this means.

Accountant's Assistant: Is there anything else important you think the Retirement Accountant should know?

I'm not sure if more information is needed. Thanks.

Submitted: 1 month ago.Category: Social Security
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Answered in 21 minutes by:
3/9/2018
Social Security Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 1 month ago
ABC Accounting Group
ABC Accounting Group, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 867
Experience: Business Consultant/Accounting Manager
Verified
Hi. Great Question. What is the Form number. Thank you.
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Customer reply replied 1 month ago
SSA-L99-C1 (12-12)
Social Security Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 1 month ago
Hi. The codes mean monthly benefit of a life annuity. The form shows an estimated pension - what you could get upon retirement from the company you worked for or are working for.
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Social Security Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 1 month ago
Let me know if this helps and if you have any questions. Thank you.Let me know if you have any questions and if this helps. Thank you.
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Customer reply replied 1 month ago
Does the "Estimated Amount" represent a monthly payment? Thanks.
Social Security Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 1 month ago

Yes.

Best Regards.

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ABC Accounting Group
ABC Accounting Group
ABC Accounting Group, Certified Public Accountant (CPA)
Category: Social Security
Satisfied Customers: 867
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Experience: Business Consultant/Accounting Manager

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