TN 19 (11-97)

Citations:

Act, Sec. 209(a)(4);

20 CFR 404.1052 - 20 CFR 404.1054.

A. POLICY

The Act excludes from wages any payments from or to a trust and annuity type plan provided, the plan also meets the tax-exempt criteria in the applicable section of the IRC.

B. LIST OF PLANS

The following is a list of plans (and corresponding POMS references) where the payments qualify as wage exclusions under the Act, provided the IRS considers them tax-exempt.

• Annuity or Bond Purchase Plan (RS 01402.105).

• Employer Pick-Up Plan (RS 01402.110).

• Exempt Governmental Deferred Compensation Plan (RS 01402.115).

• Federal Thrift Savings Plan (RS 01402.120).

• Profit-Sharing or Stock Bonus Plan (RS 01402.125).

• Simplified Employee Pension (SEP) Plan (RS 01402.130).

• Supplemental Retirement Plan (RS 01402.135).

• Tax-Exempt Trust (RS 01402.140).

• Tax-Sheltered Annuity Plan (RS 01402.145).