by charteroakadmin » Wed Dec 21, 2011 10:26 pm
A: The TEGL refers to pensions and disability payments. Pensions, which are usually paid based on some combination of age and years of service, are includable as income. Disability payments, which are usually paid as a result of an injury or medical condition and are not dependent on age or years of service, are excludable. The participant will need to document the exact nature of the payments before you can determine whether to count them as income. That may require contacting the ex-employer for documentation.