Is Military Retired Pay A Qualified Retirement Plan?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    No, the retirement plan offered by the military is not qualified. Public sector pension plans are not covered by ERISA (Employee Retirement Income Security Act), and in order for a retirement plan to be qualified, it must meet the regulations set forth by ERISA. Therefore, the military's retirement plan offered through the federal government is nonqualified.
    Answered on July 20, 2013
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