Pension distribution types

Pension distribution types determine whether the pension payment is a periodic or lump sum payment, the taxing method, the type of pension payment.

Listed below are the distribution types that can be assigned to a payment. The table also includes the type of payment and type of time record Payroll creates for the distribution type.

Distribution Type	Type of Payment	Type of Time Record
Partial, Hardship	Lump Sum	Future
Partial, Non-Hardship	Lump Sum	Future
Partial, Rollover to IRA	Lump Sum	Future
Total, Non-Rollover	Lump Sum	Future
Total Rollover to IRA	Lump Sum	Future
Total Rollover to Qualified Plan	Lump Sum	Future
Periodic, greater 10 years	Periodic	Standard
Periodic, less 10 years	Periodic	Standard
Periodic, less 10 years, rollover to IRA	Periodic	Standard
Periodic, Tax Not Determined	Periodic	Standard
Periodic, W-2	Periodic	Standard
Lump Sum Payment, W-2	Lump Sum	Future
Retro-payment	Lump Sum	Future
Retro-payment, rollover to IRA	Lump Sum	Future
Loan Issued	Lump Sum	Future
Dividend	Lump Sum	Future
Minimum Distribution	Lump Sum	Future
Excess Deferrals	Lump Sum	Future
Non-spousal death benefit	Lump Sum	Future
Periodic Non Resident Alien (NRA), 1042S	Periodic	Standard
Lump Sum NRA, 1042S	Lump Sum	Future
Periodic, 480.6	Periodic	Standard
Lump Sum, 480.6	Lump Sum	Future
Retro, W2	Lump Sum	Future