Swiss Social Security can offer lump sum payments in lieu of monthly payments to those who have reached retirement age and whose benefits are below full work life benefit - ie. typically alien residents who worked for Swiss company for limited number of years.
Does the Pillar I Swiss Social Security (AHV) qualify as "qualified plan" for US tax law? If so can this lump sum payment which represents Social Security payments for future years be transferred to an IRA? Or does the entire amount have to be claimed as income in the tax year received?
