Employee benefits updateBy Bernard G. PeterCorporate Law Departments, August 2007The IRS has issued the long awaited final regulations under Internal Revenue Code (Code) Section 409A, which established new rules applicable to nonqualified deferred compensation plans.
Summary of Pension Protection Act of 2006By Bernard G. PeterCorporate Law Departments, November 2006On August 17, 2006, President Bush signed into law the Pension Protection Act of 2006 (Act). All qualified retirement plans [i.e., plans that are established in accordance with the provisions of Section 401 of the Internal Revenue Code (Qualified Plans)] will be impacted in some way.
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