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I retired after 37 years in the AF in 2013. If I become a new NC resident am I still covered under the Bailey Act?

 
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Ashby
New Member

I retired after 37 years in the AF in 2013. If I become a new NC resident am I still covered under the Bailey Act?

Yes, once you are a NC resident, you will qualify for the Bailey Act exclusion on your AF retirement.

As a result of the Bailey Act,  any Federal, military, or NC state or local government retiree, or beneficiary of such a retiree, who is receiving retirement benefits from the corresponding government plan, and who had at least five years of credited service as of August 12, 1989, is exempt from North Carolina state tax on those retirement benefits.

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1 Reply
Ashby
New Member

I retired after 37 years in the AF in 2013. If I become a new NC resident am I still covered under the Bailey Act?

Yes, once you are a NC resident, you will qualify for the Bailey Act exclusion on your AF retirement.

As a result of the Bailey Act,  any Federal, military, or NC state or local government retiree, or beneficiary of such a retiree, who is receiving retirement benefits from the corresponding government plan, and who had at least five years of credited service as of August 12, 1989, is exempt from North Carolina state tax on those retirement benefits.

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