How some firms boost the boss's pension
Source
http://online.wsj.com/article/SB123265119486206979.html
Date
Media Outlet
Wall Street Journal
The Academy's Pension Committee Chairperson Jim Verlautz was quoted in a cover story on top executive's retirement plans. Some companies have used lower interest rate assumptions to compensate executives, who will face a higher tax bill, with larger lump sums. Verlautz joined critics who say the tax claim is overstated and that executives will have large tax bills regardless. He said executive who take a lump sum will face a bigger tax expense but that it does not justify cutting the interest rate assumptions from six percent to three percent.
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