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Kentucky Pension Income Exclusion for Retirees with Service Prior to 1/1/1998 (Doc ID 2359024.1)

Last updated on OCTOBER 02, 2018

Applies to:

PeopleSoft Enterprise HCM Pension Administration - Version 9.2 and later
Information in this document applies to any platform.

Goal

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.
 

Solution

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Goal
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