Skip to main content
April 15, 2024
Question

Does my Alabama Teacher’s Retirement System Income qualify for the Bailey Exception in North Carolina?

  • April 15, 2024
  • 1 reply
  • 0 views
Does my Alabama Teacher’s Retirement System Income qualify for the Bailey Exception in North Carolina?

1 reply

DaveF1006
April 16, 2024

No. According to NC sources, the Bailey settlement affects the taxation of retirement benefits paid to former employees of the State of North Carolina, its local governments, and the federal government, including persons receiving these benefits as survivor beneficiaries. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"