Central District Consumer Bankruptcy Attorney's Association

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Pensions like STRS and PRS for public employees are typically mandatory
(line 26). Beware that a pensioned employee often has the option to make
additional retirement contributions that are, indeed, discretionary, like a
401k. Bottom line: ask your client about each deduction on their paycheck,
and if they don't know, have them ask their employer. Hale
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In a Chapter 7, does this deduction on the paycheck for a STRS pension get
counted in the means test as an involuntary deduction (line 26), or is it
more like a 401K, where it is not deducted in a Chapter 7 (but is in a
Chapter 13)?
Holly Roark
holly@roarklawoffices.com
www.roarklawoffices.com
Central District of California
Consumer Bankruptcy Attorney
Ina Chapter 7, does this deduction onthe paycheckfor a STRS pension get counted in the means test as an involuntary deduction (line 26), or is it more like a 401K, where it is not deducted in a Chapter 7 (but is in a Chapter 13)?
-- Holly Roarkholly@roarklawoffices.comwww.roarklawoffices.comCentral District of CaliforniaConsumer Bankruptcy Attorney

The post was migrated from Yahoo.