HR Circle Meeting

March 30, 2005
Wiggin and Dana
The American Jobs Creation Act of 2004 significantly changed the federal tax laws that apply to nonqualified deferred compensation arrangements, such as SERP's and other supplemental retirement plans. The changes also apply to one-person arrangements (for example, in an employment contract) and those that cover non-employees (including directors). Taxable and tax-exempt employers are subject to the new rules.

Sherry Dominick and Karen Clute, both of whom are partners in the Employment and Benefits Department, will be discussing the impact of the new legislation on executive deferred compensation.

In addition, Timothy Crowley, an associate in the Trusts and Estates Department, will briefly discuss estate planning services that can be made available to senior management employees as an executive employee benefit.