Recently by Frank A. Daniele
Pension Protection Act Of 2006 Makes Major Changes To ERISA Fiduciary Requirements
The recently enacted Pension Protection Act of 2006 (the 'Act') dramatically changed several longstanding fiduciary responsibility provisions of the Employee Retirement Income Security Act of 1974, as amended ('ERISA'). Of particular importance, the Act: modifies the so-called '25% benefit...
Read MoreSEC Executive Compensation Proposals Merit Prompt Attention: Still Time To Avoid The Glare - Part I
Editor's Note:Part II of this article will appear in an upcoming issue of The Metropolitan Corporate Counsel. Earlier this year, the SEC proposed extensive revisions to the rules regarding executive and director compensation. Comments are due by April 10. If the SEC's projected 2007 effective...
Read MoreTreasury Proposes Deferred Compensation Regulations: Brave New World For Executives
Internal Revenue Code Section 409A ("Section 409A") became effective on January 1, 2005. It radically changed the procedures that employers must establish and follow when their employees defer compensation to a later year, and when they receive payments of previously deferred compensation that was...
Read MoreTreasury Issues Initial Guidance On New Deferred Compensation Rules
On December 20, 2004, the Treasury Department and the Internal Revenue Service issued Notice 2005-1, which provides initial guidance under Section 409A of the Internal Revenue Code. Section 409A, enacted as part of the American Jobs Creation Act of 2004, makes sweeping changes to the rules...
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