OCERS Benefits as Income
Posted: Mon May 07, 2012 12:38 pm
Must have scrolled right by it. thanks Link
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> If you search the CDCBAA Archive we just had a discussion on exempting retirement and tax exempt accounts last week. That discussion might be helpful.
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> Link Schrader, Attorney
> Law Office of Link W. Schrader
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JLG
> Sent: Sunday, May 06, 2012 11:58 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] OCERS Benefits as Income
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> Listmates:
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> Has anyone dealt with benefits for service connected disability retirement from Orange County?
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> The award letter states
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> "... the benefit will continue as long as the OCERS' Board of Retirement deems you disabled. After age 55, it becomes a lifetime benefit.
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> In addition, because you have been awarded a service-connected disability retirement, your benefits are tax-free ...."
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> I'm thinking 704.110 and/or 703.140(b)(10)(C) in analyzing exemption.
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> Far as I know there is no SSI component.
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> If anybody has experience with these awards as exempted or as income feel free to reply or contact me off-list john@...
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> Thank you
>
The post was migrated from Yahoo.