When is the Army pension plan taxable?
The military pension plan is a tax-exempt trust, which means the funds don’t have to be publicly traded.
It’s a major perk for military retirees who get paid by the year in cash.
But many states have passed laws limiting the ability of these plans to be sold to the public.
The Pentagon says it has no plans to change its policy on the pensions.
“The Department of Defense is not required to release information on the retirement plan status of the current Army Pension,” a spokesperson said.
Sources: Newsweek, Army pension,military,tax source Newsweek