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ALL pensions are RMD's. The payer of the pension calculated the RMD amount and that is what is sent to you.
Virtually all pension plans, defined contribution plans, and annuities in existence today fall under section 401 of the tax code.
Required minimum distributions for defined benefit plans and annuity contracts all require RMD's after age 70 1/2. If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.
The rules that the plan administrator must use to calculate the RMD as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).
The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD or use it for an ineligible rollover.
The question is just to be sure that the requirement was met.
Some people chose to take the RMD even though they were not required to. If you did not take it, simply say so.
@ColeenD3 wrote:
Some people chose to take the RMD even though they were not required to. If you did not take it, simply say so.
The question was about a pension. RMD's on pensions were not suspended. Three types of RMD were suspended but defined benefit plans and other pension annuities that include most pensions were not.
This is what the Act says.
``(I) Temporary waiver of minimum required distribution.-- ``(i) In general.--The requirements of this paragraph shall not apply for calendar year 2020 to-- ``(I) a defined contribution plan which is described in this subsection or in section 403(a) or 403(b), ``(II) a defined contribution plan which is an eligible deferred compensation plan described in section 457(b) but only if such plan is maintained by an employer described in section 457(e)(1)(A), or ``(III) an individual retirement plan.
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