Issues Raised By Section 409A Proposed Regulations Protect Your Benefits Decisions Cost-of-Living Adjustments for 2006 Health and Welfare Benefit Reminders Year-End Deadline Regarding Automatic Rollover Requirements Back to Newsletter

If an employee wishes to defer a bonus (other than a performance-based bonus) earned in 2006 and payable early in 2007, the deferral election, and the form and time of payment of such deferred bonus, must be made no later than December 31, 2005. If the bonus is performance-based, as defined in Internal Revenue Service proposed regulations, during calendar year 2006, the deferral election can be made as late as June 30, 2006. Please contact us if you wish assistance with forms for making these elections.