Students interested in this college are also interested in: Colorado State University, University of Washington, University of California, Berkeley, University of Oregon, University of California, Los Angeles, University of California, Santa Barbara. Overview.
These plans areexcluded from tax on your federal return, but not onyour state income tax return. Once you retire and beginto receive pension benefits, you will pay federal tax onyour retirement payments, but you will not pay PA taxon those benefits.
Minnesota taxes pension income, whether derived from governmental or private pensions, on the same basis as wages, interest, dividends, and other income. Unlike many other state income taxes, the Minnesota tax does not allow an exclusion, deduction, or credit for some or all types of pension income.