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.
Group term insurance policies purchased for employees,so long as the employerâs program is not discriminatory(unlike the Internal Revenue Code, Pennsylvania does nothave a $50,000 threshold above which life insurancecoverage becomes taxable as compensation);3.