An Overview of the New Section 457(f) Regulations - McDermott Will & Emery

An Overview of the New Section 457(f) Regulations

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Overview


Ralph DeJong and Joseph Urwitz wrote this bylined article on the “long-awaited” proposed IRS regulations under Internal Revenue Code Section 457(f), which harmonize deferred compensation plans of tax-exempt organizations with similar arrangements under Section 409A By addressing severance pay, non-competes and vesting dates, the authors wrote, “After nine years, the proposed regulations [present] unexpected changes and opportunities.”