Yes, if your employer provided the pension, it can be Code N.
Under Michigan law, retirement and pension benefits include most payments that are reported on a 1099-R for federal tax purposes. This includes defined benefit pensions, IRA distributions and most payments from defined contribution plans. Retirement and pension benefits are taxable based on date of birth (see age groups below). Regardless of date of birth, the following are not taxed:
- US Military pensions
- Michigan National Guard pensions
- Social Security
- Railroad benefits
- Rollovers not included in the Federal Adjusted Gross Income (AGI)