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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