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I am retired US Navy. Is my Navy retirement pay a pension plan (qualified) or a Military Retirement Plan (unqualified)?
While filling out a 1099-R form for a Life Insurance distribution I noticed that the definition of a qualified plan included Pension Plans, but the Military Retirement Plans were not qualified plans. I looked at my 1099-R from the Defense Financial and Accounting Service, U. S. Military Retired Pay, and it says "Distribution from Pensions, Annuities, Retirement, or Profit-Sharing Plans, IRAs, Insurance Contracts, etc."
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‎June 1, 2019
1:24 AM