Employment, Labor & Benefits Advisory: Non-Profit Organizations and Government Entities Prepare for New Regulations for "Golden Handcuff" Plans Under Section 457(f) of the Internal Revenue Code
6/15/2011
The IRS has announced that it expects to publish new regulations for ineligible deferred compensation plans under Section 457(f) of the Internal Revenue Code in the near future. Since the adoption of regulations under Section 409A of the Code, employers and contractors have been on alert that new guidance was in process. The public notices of the IRS and the method in which the Section 409A regulations were implemented provide critical insight as to what can be expected from the new regulations.
