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Pension and Retirement Payments
1317.1 Do pension and retirement payments count as wages?
Effective January 1, 1984, your pension and retirement payments generally count as wages. However, they do not count as wages if the payments are made from tax-exempt trusts or qualified deferred compensation plans.
1317.2 Do retirement payments based on a disability count as wages?
If you receive retirement payments because of a disability, the payments are not wages if they are made under the following conditions:
They are made under your employer's plan;
They are made when or after your employment ends; and
Your retirement due to your disability was a condition or plan for the payment.
Last Revised: March, 2001
- Do supplemental retirement plan payments count as wages?
- Do payments from a plan or system for sickness, retirement, etc. count as wages?
- Do payments to a profit-sharing or stock bonus plan count as wages?
- Do payments made to a disabled former employee 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?
- Do amounts deferred under a nonqualified deferred compensation plan count as wages?
- Do payments from Individual Retirement Accounts (IRA's) and Keogh plans count as wages?
- Are retirement payments received from partnerships included in net earnings?
- Do advance payments count as wages?
- Does sick pay count as wages?
- What types of income do NOT count under the earnings test?
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