Jobs Act Impacts Design and Administration of Deferred Compensation: Treasury and the IRS Issue Additional Guidance
Author: Jacob I. Friedman.; Ira G. Bogner.
Source: Volume 19, Number 03, January/February 2006 , pp.31-41(11)
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Abstract:
Employers and employees should ensure that, effective January 1, 2005, their nonqualified deferred compensation plans and any elections thereunder operationally comply with the new rules, but through transition relief recently extended by the IRS employers have until December 31, 2006, to revise their plan documents to comply with Section 409A.Keywords:
Affiliations:
1: Proskauer Rose LLP; 2: Proskauer Rose LLP.