PREC 1-97    Countability of Distributions from Individual Retirement Accounts as Income for Purposes of Pension and Parents’ Dependency and Indemnity Compensation     Citation: Vet. Aff. Op. Gen Couns. Prec. 1-97, VAOPGCPREC 1-97, 1997

QUESTION PRESENTED:

Are distributions from an individual retirement account (IRA) countable as income for purposes of the improved pension program, the section 306 pension program, the old law pension program, and parents’ dependency and indemnity compensation (DIC)?

HELD:

Distributions from an individual retirement account are fully countable as income for purposes of the improved pension program.  Ten percent of such distributions may be excluded from income for purposes of benefits under the section 306 pension program, benefits under the old law pension program, and parents’ dependency and indemnity compensation payable under 38 U.S.C. § 1315.