Posts Tagged ‘deferred compensation’

Execs Face Dec. 31 Deadline On Deferred Pay

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Published in Forbes December 15, 2009,by Ashlea Ebeling

Deferring compensation used to be an easy year-end decision for highly paid executives–defer earnings now and pay taxes later. But this year some are rethinking deferrals and planning instead to take the cash now. Others are looking to tap into what they’ve already stored up.
Time for a deferred compensation check-up.
“There’s no question some executives are still deferring, particularly when there is a long time horizon and their employer is stable, but many executives are deciding to take dollars now due to uncertain tax rates, economic conditions and personal cash flow,” says Andrew Liazos, an executive compensation lawyer with McDermott, Will & Emery in Boston.

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Execs Face Dec. 31 Deadline On Deferred Pay

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Published in Forbes December 15, 2009 by Ashlea Ebeling
 
Deferring compensation used to be an easy year-end decision for highly paid executives–defer earnings now and pay taxes later. But this year some are rethinking deferrals and planning instead to take the cash now. Others are looking to tap into what they’ve already stored up.
Time for a deferred compensation check-up.
“There’s no question some executives are still deferring, particularly when there is a long time horizon and their employer is stable, but many executives are deciding to take dollars now due to uncertain tax rates, economic conditions and personal cash flow,” says Andrew Liazos, an executive compensation lawyer with McDermott, Will & Emery in Boston.

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Should You Defer Compensation?

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Published in Business Week June 4, 2009 by Amy Feldman

It used to be that if you were lucky enough to be offered the option of a deferred compensation plan, which lets you stash pretax income in an employer-sponsored investment account where it can grow tax-free, you took it. Now, with more individuals and companies facing an economic squeeze and taxes expected to rise, that decision is a lot tougher.

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BofA presses fired staff to give up right to sue

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Published in Reuters May 12, 2009 by Elinor Comlay 

Bank of America is telling fired employees that they cannot accept job offers from competitors for three months unless they give up either deferred compensation or their right to sue the bank

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The Hidden Peril of Deferred-Compensation Plans

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Published in The New York Time May 9, 2009 by Ron Lieber

Not frightened enough by the dwindling balance in your retirement accounts in the last year?

Here’s a nightmare for you: Imagine waking up one morning to discover that your employer is bankrupt and the money you have set aside in your deferred compensation plan belongs to the company’s creditors.

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