It takes a different form than those countries deferred compensation, guaranteed hours on corporate jets, chauffeurs, personal assistants, apartments, even lucrative consulting contracts.
Ineligible 457 plans are made available because non-profit organizations are not allowed to have another kind of non-qualified deferred compensation plan.
Among other things, the firm focuses on pension, profit sharing, deferred compensation plans, leasing transactions, software acquisition and licensing, real estate development, taxation, trusts, and estates.
If the covered expatriate does not meet the aforementioned criteria then the deferred compensation is taxed (as income) based on the present value of the deferred compensation.