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Do payments from a plan or system for sickness, retirement, etc. count as wages?
Payments you receive from a plan or system established by your employer for insurance or annuities are not wages. The plan must generally provide for all employees and/or their dependents or for a class(es) of employees and their dependents. The terms and conditions of the plan must be communicated to all employees or the class(es) affected. In addition, the plan must provide payment eligibility standards that include:
Length of service, salary, classification, or occupation;
The minimum period payments are made; and
A formula for computing the minimum benefit for each eligible employee.
Last Revised: March, 2001
- Do supplemental retirement plan payments count as wages?
- Pension and Retirement Payments
- Do payments to a profit-sharing or stock bonus plan count as wages?
- Do payments under or to a tax-sheltered annuity plan count as wages?
- Do payments from or to a tax-exempt annuity plan count as wages?
- Payments Under a Cafeteria Plan
- Do amounts deferred under a nonqualified deferred compensation plan count as wages?
- What types of income do NOT count under the earnings test?
- Do payments made to a disabled former employee count as wages?
- Are retirement payments received from partnerships included in net earnings?
- Do advance payments count as wages?
- Do fringe benefits count as wages?
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