ARTICLE 18
Pensions
(1) Subject to the provisions of paragraph (1) of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in the Contracting State in which they arise. This provision shall also apply to life annuities paid to a resident of a Contracting State.
(2) Pensions and life annuities paid, and other periodical or occasional payments made by a Contracting State in respect of insuring personal accidents shall be taxable only in this State.
(3) The term "annuity" as used in this Article means a stated sum (other than salaries and wages) payable periodically at stated times during life, or during a specified or ascertainable period of time, under an obligation to make the payments in return for adequate and full consideration in money or money's worth.