New IRS ruling on 457(f) plans

Goldstein, Michael G.; Drennan, William A.
September 1998
National Underwriter / Life & Health Financial Services;9/21/98, Vol. 102 Issue 38, p11
Reports on the ruling of the United States Internal Revenue Service about the nonqualified deferred compensation plans of tax-exempt organizations. Requirement to defer the employee's income tax liability; Goal in designing nonqualified deferred compensation plan; Employee's forfeiture of the benefits if he voluntarily terminates employment before the end of the deferral period.


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