I am 70-1/2 years old. I am still employed. Do I have to take pension distributions by April 1, 2020 to avoid the 50% penalty even though I am not retired?

[KrisD15]

Yes, it is by age only. 

[dmertz · Accepted solution]

Assuming you are asking about the pension plan provided by the employer with which you are still employed, the answer depends on the terms of the pension-plan agreement, but usually you don't have to being receiving distributions until April 1 of the year following the year you separate from service with this employer.  Otherwise, yes, you must begin receiving pension distributions by April 1 of the year following the year you reach age 70½.

[ckreeture]

Thank you.  I thought that would be correct, but the Turbo Tax question left me a little unsure.