Public means from a governmental body of some type....State, Federal, Military, teacher's pension, firefighter's & Police pension , county, municipality.
Private is from a corporate/company/union pension, or an IRA. or a PBGC takeover of a corporate pension.
Most any 401k would be private too.....but "can" have some public components if generated by employment in a govt body....that gets a bit squishy
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
