Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - With the means test for bankruptcy, do they include miltary retirement pay as income or is it exempt? - Military retirement pay IS included as income in the bankruptcy Means Test unless your attorney can argue that it is income arising from the Social Security Act of 1937. (I don't think he or she can, but any income that is a result of that Act is not included in the Means Test, so I suppose it doesn't hurt to ask. This is why income from Social Security benefits is not included in the Means Test.) -