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June 1, 2019
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Is military retirement pay from a qualified or nonqualified plan

  • June 1, 2019
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Is military retirement pay from a qualified or nonqualified plan?  So far that question has not been answered.

Best answer by AnnS7

Military retirement is considered a non-qualified plan.

The term "qualified retirement plan" applies to plans covered by the Employee Retirement Income Security Act, or ERISA. ERISA only covers private sector retirement plans. The law does not cover public sector pensions including federal government plans such as the military retirement system. Military pensions are therefore considered nonqualified plans.

https://www.dol.gov/general/topic/retirement/erisa

(Edited 02/14/2017)

1 reply

AnnS7Answer
Employee
June 1, 2019

Military retirement is considered a non-qualified plan.

The term "qualified retirement plan" applies to plans covered by the Employee Retirement Income Security Act, or ERISA. ERISA only covers private sector retirement plans. The law does not cover public sector pensions including federal government plans such as the military retirement system. Military pensions are therefore considered nonqualified plans.

https://www.dol.gov/general/topic/retirement/erisa

(Edited 02/14/2017)

June 1, 2019
The answer above is incorrect!!!