title: The American Jobs Creation Act and its impact on deferred compensation: reassessment from a business perspective.
abstract: The American Jobs Creation Act (AJCA), which was signed into law in October 2004, will have an impact on almost every deferred compensation program in the United States. This article argues that as companies continue to evaluate the transition alternatives under AJCA and contemplate the necessary changes to the plan program, companies also should consider simultaneously addressing broader issues surrounding nonqualified deferred compensation arrangements. These include ongoing business purpose, financial planning considerations, education of participants, corporate governance considerations and the potential implications to international assignees.
authors.affiliation: Ernst & Young's Human Capital Practice, Cleveland, Ohio, USA.
authors.forename: David G
authors.initials: DG
authors.lastname: Johnson
mesh_terms: D003132:Commerce; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States