Fifty-Nine and One-Half Report (FPSDR064) |
  
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Fifty-Nine and One-Half Report (FPSDR064) |
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Availability
This report is run monthly in the afterhours. Consult your GOLDPoint Systems banking consultant if you want to schedule this report differently.
Purpose
The Fifty-Nine and One-Half Report lists deposit retirement account holders who have reached the age of 59½. These account holders are eligible to begin taking disbursements from their retirement accounts without any penalty. This report selects only those retirement account holders whose ages are 59½. Retirement account holders who are 70½ will appear on the Seventy and One-Half Report, FPSDR065.
A warning will be printed on the report if a retirement account has no name and address associated with it, or the account holder's birthday is unknown.
The report will allow sorting by Social Security number. A suggested sort would be by branch, birth date, account number, and Social Security number. The report will also allow sorting by birth date. The birth date would be printed in the format CCYYMMDD, where CC is the century, YY is the year, MM is the month, and DD is the date; i.e. 19580115, would be January 15, 1958.
Report Column Information
See FPSDR064 Example for an example of this report.
Column |
Description |
|---|---|
Account Number |
This is the office number (DMACTO), account number (DMACTA), and check digit (DMCKDG) for the account. |
Household # |
This is the household number in which this account resides taken from the CIF System (MNHHLD). |
Birth date |
This is the birth date of the account holder, taken from the CIF System. |
Age |
This is the current age of the account holder. |
Account Short Name |
This is the short name of the IRS owner of the account, taken from the CIF System. |
Social Sec # |
This is the Social Security number on the account, taken from the CIF System. |
Phone Number |
This is the phone number on the account holder, taken from the CIF System. |
Current Balance |
This is the current balance of the account taken from the Current Balance field (DMCRBL) on the Deposit Master Fields screen (function 1/2). |
Special Messages |
This column will contain any messages that the system needs to relay to you, such as "RET ACCT W/NO BIRTH DATE" when it encounters a retirement account where the birth date of the account owner is unknown. |
Totals and Subtotals Provided
Subtotals are provided by office number for the following:
•Total number of accounts
•Total number of bad accounts
•Total amount of current balances on accounts
If other subtotals are desired, consult your customer service representative.
Institution totals are also provided for the subtotals listed above.