Planit:CPP Benefits

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In this Video you will Learn...
How can I change the amount of CPP benefits my client is assumed to receive?
• Planning Assumptions edit
• Percentage, Calculate Percentage, Amount
• Already retired clients, amount
• Data entry required

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Modular Planning Life Planning
Integrated Planning Planning Assumptions Screen
Getting Started

Other Related Topics
Default Revenues Introduction to the Planning Assumptions Screen (Canada) Introduction to the Planning Assumptions Screen (Malaysia)
Government Benefit Assumptions OAS Benefits Retired Clients


The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.


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New Clients: For new clients, the Government Benefit Assumptions section of the screen is visible and populated with default benefit settings automatically when you enter the <Planning Assumptions> screen. Thus you won’t have to use this new “Add/Remove Benefits” unless you want to remove one of the default benefits.

Migrated Clients: For existing clients who were migrated from a previous version of Planit, you will find that the Government Benefit Assumptions section of the screen is NOT populated and thus you will have to click on the “Add/Remove Benefits” button to update your client’s information.

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The reason for this is that the changes to CPP/QPP and OAS benefits have been so extensive in recent years that we have had to create totally new ways to estimate benefits that recognize age restrictions. Thus any previous benefit data you entered no longer provides sufficient information to do estimates properly. We elected to not use the default benefits for these migrated clients since we wanted to be sure you reviewed the benefit assumptions and didn’t just think your previous data entries were still being used. This ensures you don’t use wrong assumptions for these existing clients.

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When you click on the “Add/Remove Benefits” button for these migrated clients, a pop up screen will appear with a series of check boxes. Merely check the options you with to include and then “Save”.

When you “Save” you will then be returned to the Planning Assumptions screen which will now be populated with the benefits you selected. You can now identify your client’s eligibility for each benefit.

CPP/QPP Retirement Benefit Eligibility As has been the case for some time, you can select from one of several methods for identifying the clients CPP/QPP benefits. These options are:

1. Percent: Allows you to set a percentage such as 100% or 75%

2. Calculate Percent: Allows you to identify the client’s income and contributory period so that the system will calculate the percentage eligibility.

3. Amount: Allows you to enter the exact amount the client is currently receiving or the known amount they are expecting. (Removes the need to estimate the benefit)

The default when the benefits are initially added Option #1, "Percentage". You then can select one of the other options if desired.

The new eligibility rules for CPP/QPP benefits are very complicated with benefits that will change depending on year of birth, age when benefits start and contributory period. Our programming in the system has been done to try and address all situations, however, you should always review the benefits identified by the system, and make sure they make sense given your knowledge of the client’s situation.

If you do get a result using the “Percent” or “Calculate Percent” methods, then you can always override these calculated values by using the “Amount” option. By using the “Amount” option, you have total control over the amount and timing of the benefits that will be used in your projections. Also note that as a last resort, you also can elect to not use the CPP/QPP benefit features on the Planning Assumptions screen, but instead merely add your CPP/QPP benefits directly on the <Pensions and Other Revenues screen> .

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CPP/QPP Survivor and Disability Benefits With the update to our Government Benefits, you will also see new options for CPP/QPP survivor and disability benefits. When including these benefits you are able to identify the eligibility percentage.

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CPP Survivor Benefits

You are able to identify eligibility for CPP Survivor Benefits by setting a % Eligibility.


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If in reviewing the resulting benefit amount you are not getting the expected result, you have the option to remove the CPP Survivor Benefits from the Planning Assumption screen by setting the Eligible % to zero. You may then enter benefits manually on the Client Death and Spouse Death tabs on the Pensions & Other Revenues screen.

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CPP Disability Benefits

You are able to identify eligibility for CPP Disability Benefits by setting a % Eligibility.

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If in reviewing the resulting benefit amount you are not getting the expected result, please remove the CPP Disability Benefits from the Planning Assumption screen by setting the Eligible % to zero. You may then enter benefits manually on the Client Disability and Spouse Disability tabs on the Pensions & Other Revenues screen.

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