TN 10 (09-90)
The Social Security Amendments of 1983 removed the exclusions in sec. 209(b)(1) and
(c) of the act of 1982 for payments made “on account of retirement” . However, they were added to sec. 203(f) of the act as a wage exclusion for purposes
of the annual earnings test (RS 02505.240B.55).
The wage exclusion “on account of retirement” no longer applies for coverage and benefit computation purposes effective with payments
made after December 31, 1983.
Retirement payments are wages unless they can be excluded under sec. 209(a)(4) of
the act as payments from tax-exempt trusts or from a qualified deferred compensation plan.