Effective January 1, 1984, your pension and retirement payments generally count as wages. However, they do not count as wages if the payments are made from tax-exempt trusts or qualified deferred compensation plans.
If you receive retirement payments because of a disability, the payments are not wages if they are made under the following conditions:
They are made under your employer's plan;
They are made when or after your employment ends; and
Your retirement due to your disability was a condition or plan for the payment.
Last Revised: March, 2001