conceptual Q on liability mimicking portfolios - EOC Q Volum people, account, payments, liability, conceptual

Bad5shah

For questions 2 and 3, I get the math, but just conceptual;y why do you have to make payments in year 15 for deferreds and active acrueds?  i get why you would want inflation indexed and nominal bonds in your portfolio to account for those liabilities which will cause a cash outflow later on, but why are payments made in year 15 to people who havent retired yet?