@ID72
For Federal pensions, the Bailey Settlement only applies to both those Federal Pension systems in which the person was vested in it for at least 5 years as-of 12 Aug 1989.
Their statement includes both.
" The exclusion applies to retirement benefits received from certain defined benefit plans, such as the North Carolina Teachers' and State Employees' Retirement System, the North Carolina Local Governmental Employees' Retirement System, the North Carolina Consolidated Judicial Retirement System, the Federal Employees' Retirement System, or the United States Civil Service Retirement System, if the retiree had five or more years of creditable service as of August 12, 1989"
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
