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Department of Human Services Food Stamp Online Policy
Manual Exempt Resources |
Revised: |
15.6 |
PENSION FUNDS |
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1240-1-4-.05(6) |
Retirement accounts established under Section 401(a), 403(b), 408, 408A, 457(b), and 501(c)(18) of the Internal Revenue Code of 1986 and the value of funds in a Federal Thrift Savings Plan account (Section 8439, Title 5, USC) are excluded as a resource. A nonexclusive list of types of retirement savings and pension plans are excluded includes: · Pension or traditional defined-benefit plan [Section 401(a) of the Internal Revenue Code] · 401(k) plans [Section 401(a) of the Internal Revenue Code] · SIMPLE 401 (k) [Section 401(a) of the Internal Revenue Code] · Section 501(c)(18) plans (retirement plans for union members consisting of employee contributions to certain trusts that must have been established before June 1959) · 403 (b) plan under the Internal Revenue Code · 457 plan under the Internal Revenue Code · Federal Employee Thrift Savings plan [Section 8439 of Title 5 of the US Code] · Keogh plan [Section 401(a) of the Internal Revenue Code] · Individual Retirement Account (IRA) [Section 408 of the Internal Revenue Code] · Roth IRA [Section 408(A) of the Internal Revenue Code ] · SIMPLE IRA [Section 408 of the Internal Revenue Code ] · Simplified Employer Plan [Section 408 of the Internal Revenue Code ] · Profit Sharing Plan [Section 401(a) of the Internal Revenue Code ] · Cash Balance Plans [Section 401(a) of the Internal Revenue Code ] |
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