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Author:Morse, C.
Hall, W.
Title:More than golden handcuffs
Journal:Journal of Accountancy
1997 : NOV, VOL. 184:5, p. 37-44
Index terms:ACCOUNTING
COMPANIES
PLANNING
Language:eng
Abstract:This article is exploring nonqualified deferred compensation options that meet employer and employee needs. Until recently, an executive's retirement income package comprised qualified plan benefits, Social Security, income from personal investments and benefits from any nonqualified plans. Most packages were designed to provide benefits from the first two sources of between 50% and 75% of the executive's average final pay. Unfortunately, companies now find it increasingly difficult to achieve this objective using qualified plans.
SCIMA record nr: 169625
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