23 Miss. Code. R. 104-7.6 - Civil Service and Federal Employee Retirement Payments
A. This type of income is defined as follows:
1. The Office of Personnel Management (OPM)
makes US Civil Service and Federal Employee Retirement System (FERS) payments
because of disability, retirement or death.
B. This type of income is treated as follows:
1. US Civil Service payments and FERS
payments are counted as unearned income to the entitled retiree or individual
survivor even when additional monies for other family members are included in
the payment.
2. However, certain
disability benefits paid within the first six (6) months after an employee last
worked are treated as earned income.
3. OPM provides annuitants under the Retired
Health Benefits (RHB) program free coverage under Part B of Medicare. All
annuitants covered by the RHB program retired before 7/1/1960.
a) At the employee's option, the Part B
premium may instead be paid to another health insurance plan or paid directly
to the annuitant for use in purchasing health insurance coverage
privately.
b) The RHB payment is
shown as a positive amount (addition) on the health benefits line of the OPM
notice. RHB payments to annuitants are not income.
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