Term: Deferred Compensation Plan
Definition:An arrangement where a portion of an employee’s income is paid out at a later date than when the income was actually earned. Examples include stock options, retirement plans, and pensions. For most deferred compensation, the primary benefit is the deferral of tax.
To find keyword content within a course, select the course link below.
Course | Page Number |
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21 - Compensation for Business Leaders | 20 |
42 - Accumulated Earnings and Deferred Compensation | 12 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®