TN 9 (02-98)

RS 01803.310 Retirement Payments to Retired Partners

A. POLICY

1. General

Retirement payments made by a partnership to a retired partner are excluded from NESE if certain conditions are met.

2. Conditions for Exclusion

To be excluded, payments must be pursuant to a written plan which provides for payment on account of retirement:

  1. To partners generally or to a class or classes of partners;

  2. On a periodic basis; and

  3. Which will continue at least until the partner's death.

B. REFERENCE

See section 404.1088(b) of Regulations No. 4 for other conditions that may apply.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301803310
RS 01803.310 - Retirement Payments to Retired Partners - 03/17/1998
Batch run: 01/27/2009
Rev:03/17/1998