Pension and annuity income not subject to the modification referred to in paragraph (1) of this subdivision and not in excess of $20,000, received by an individual may be subtracted in determining New York adjusted gross income providing th
(i) Pension and annuity income not subject to the modification referred to in paragraph (1) of this subdivision and not in excess of $20,000, received by an individual may be subtracted in determining New York adjusted gross income providing the following conditions are met:
(a)the pension and annuity income must be included in Federal adjusted gross income;#
(a) the pension and annuity income must be included in Federal adjusted gross income;
(b)the pension and annuity income must be received in periodic payments (except where otherwise provided in this paragraph);#
(b) the pension and annuity income must be received in periodic payments (except where otherwise provided in this paragraph);
(c)the pension and annuity income must be attributable to personal services performed by such individual, prior to such individual's retirement from employment, which arises from either an employer-employee relationship or from contributions t#
(c) the pension and annuity income must be attributable to personal services performed by such individual, prior to such individual's retirement from employment, which arises from either an employer-employee relationship or from contributions to a retirement plan which are tax deductible under the Internal Revenue Code ( e.g., individual retirement account [IRA] or self-employed retirement [Keogh]); and
(d)such individual receiving the pension and annuity income must be 59 1/2 years of age or over.#
(d) such individual receiving the pension and annuity income must be 59 1/2 years of age or over.