Journal of Deferred Compensation articles from January 1 2007

Journal of Deferred Compensation archives from January 1 2007

The retirement savings tax credit.
January 1, 2007... The Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) authorized a nonrefundable tax credit for eligible individuals who contribute to an IRA or an employer-sponsored retirement plan. (1) The maximum credit is 50 percent...

Employment discrimination: selected employee benefit issues: I. Sex/pregnancy discrimination.
January 1, 2007... A. Statutory Background Title VII of the Civil Rights Act of 1964 ("Title VII") provides, in part, that an employer may not "discriminate against any individual with respect to his compensation, terms, conditions, or privileges of...

Employment discrimination: selected employee benefit issues: II. age discrimination.
January 1, 2007... A. Early Retirement Incentive Programs The Older Workers Benefit Protection Act, passed in response to the U.S. Supreme Court's decision in Public Employees Retirement System of Ohio v. Betts, 492 U.S. 158, 109 S. Ct. 2854 (1989), sets...

Protections for IRA and other retirement plan assets after bankruptcy reform.(individual retirement accounts)
January 1, 2007... OVERVIEW The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the "Act") brought much needed clarity to debtor and creditor rights relative to retirement assets in a federal bankruptcy proceeding. Prior to the Act, debtor...

Financing nonqualified deferred compensation plans: why COLI is not a silver bullet.(corporate-owned life insurance)
January 1, 2007... Using corporate-owned life insurance (COLI) to finance a nonqualified deferred compensation plan exposes a plan sponsor to significant risks that do not exist in a comparable non-COLI investment. This article reviews these risks and the...

New IRS rule for valuing stock options.
January 1, 2007... INTRODUCTION Section 409A is a newly added provision to the Internal Revenue Code governing the taxability of deferred compensation. The law was added in response to the abuse of the deferred compensation plans by executives at firms...