Nonqualified Deferred Compensation funds a deferred compensation arrangement with an employee through life insurance. This module calculates the survivor or retirement benefit based on policy withdrawals, executive deferrals, or a specified input.
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Salary Continuation |
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Salary Reduction |
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Shared Contributions |
The system provides reports that illustrate the effect of deferring compensation versus merely saving that same amount to provide for retirement payments. Other reports detail how the employer can recover benefit payments, or both benefit payments and premiums.
