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In the News - 22 Nov: Barry Bonds Mitt Romney Rupert Murdoch Santa Claus Pearl Harbor

Topic: Deferred Compensation

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Favorite website(s):

E*TRADE, HotJobs.com

Most admires:

Warren Buffet

Favorite possession(s):

Credit card

Bad point(s):

Greedy

Politics:

Capitalist

Dream job(s):

Tax Collector, CEO, Banker

Favorite activity(s):

Paying off their mortgage, Working

Interest(s):

Law

Likes to wear:

Business suits

Ultimate fantasy(s):

Getting off welfare, Finding a job, Bankruptcy

Worst habit(s):

Wasting money

Favorite quote(s):

"Any man who is under 30 , and is not a liberal, has not heart; and any man who is over 30, and is not a conservative, has no brains." - Sir Winston Churchill (1874-1965)
"Distrust any enterprise that requires new clothes." - Henry David Thoreau (1817-1862)

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

Brian Mengel,
Civil Servant

The provision assures that certain deferred compensation and salary reduction plans are not used to avoid Social Security tax liability and that employees get Social Security protection based on such remuneration.
A Deferred Compensation Program has been approved by the Pend Oreille County Library District Board of Trustees and is available for benefit eligible employees of the Pend Oreille County Library District.
A deferred compensation plan that does not receive favored tax treatment, usually because it does not meet the IRS rules concerning who is allowed to participate in the plan or because they offer more benefits that allowed by the IRS rules.

John Fielding,
CEO

Deferred Compensation Plan (401k) Deferred compensation plans are employee benefit plans, under which employees may contribute a percentage of wages to tax deferred savings plans rather than receive the amounts as current compensation.
Impact Of Weak Investment Options Public employees who participate in deferred compensation and who select investment options that pay less than competitive rates increase the risk that they will be financially unprepared for retirement.
These deferred compensation agreements are basically contracts between an employer and an employee for the payment of compensation in the future - after a specified number of years, at retirement, or on the occurrence of a specific event, for example, a corporate take-over, in consideration of continued employment by the employee.

User Talk

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