Retired Teachers State of Maine, Can we take the MEPERS 1099-R Pension Reduction on State of Maine form 2017?

[MaryK1 · Accepted solution]

Yes, the Maine PERS qualifies for the pension reduction.

Deductible pension income, other than military retirement pay, includes state and federal pension benefits and retirement benefits received from plans established and maintained by an employer for the benefit of its employees such as: qualified pension plans, including qualified SIMPLE plans; employee annuities; and eligible deferred compensation plans from state and local governments or tax exempt organizations. Deductible pension income also includes benefits received from individual retirement accounts, including ROTH and SIMPLE IRAs, and simplified employee pension plans.