Let companies fund executive pensions

Article Abstract:

The limits placed on eligible compensation and contribution amounts for highly paid executives should be eliminated so that executives can be given the same security as other employees under the Employee Retirement Income Security Act of 1974. The current limitations lead to inadequate retirement planning by executives and creates a two-class system. The nondiscrimination provisions for qualified plans should be retained to ensure that plans do not favor high-income employees. This reform would also do away with attempts to create unfunded nonqualified plans that appear to be funded.

Pension funds

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Code s. 162(m) deduction limitation does not apply to compensation paid to officers who resign before year-end

Article Abstract:

The IRS in Private Letter Ruling 199910011 ruled that a corporation could deduct compensation paid to highly-paid executives and was not subject to the dollar limitation in IRC section 162(m)(1) where the executives were not employed on the last day of the corporation's taxable year. The employment date controlled in the determination of the statutory meaning of 'covered employee'.

Public Finance Activities, Corporate Tax Deductions & Exemptions, Corporate taxes, Tax deductions

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Developing a global executive rewards strategy

Article Abstract:

The authors discuss executive compensation strategies for international businesses to create a balance between their interests and retaining top executives.

International, Analysis, Compensation management

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