Kentucky Pension Income Exclusion for Retirees with Service Prior to 1/1/1998
Last updated on FEBRUARY 08, 2018
Applies to:PeopleSoft Enterprise HCM Pension Administration - Version 9.2 and later
Information in this document applies to any platform.
Will Oracle Pension Administration calculate the percentage of pension payments to be excluded under Kentucky regulation 67A.350? Will Payroll for North America appropriately calculate the Kentucky tax withholding on Pension benefits based on this percentage? This regulation makes the percentage of Pension benefits earned as of 12/31/1997 nontaxable for Kentucky state taxes.
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