A retirement contribution that the employee has earned, but which is yet to be paid by the employer. It is not taxable as it has yet to be received. Employees with high salaries are beneficiaries of this compensation due to the limit imposed on standard pension and tax qualified profit sharing plans. As such compensations do have the same tax benefits as a qualified retirement plan, they are referred to as ‘non-qualified’.
What is NON-QUALIFIED DEFERRED COMPENSATION (NQDC)?
Featuring Black’s Law Dictionary
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.
- What Is A Police Welfare Check?
- Best Way to Find Someone in Jail for Free
- How to Transfer a Car Title When The Owner Is Deceased
- How To Find A Name & Address Using A License Plate Number
- Best Way to Write a Professional Letter to a Judge
- What Can You Do At 18 Legally?
- How To Find An Inmate’s Release Date
- Why Do Policemen Touch Your Tail Light When They Pull You Over?
- Signing a Letter on Someone Else’s Behalf
- How Do You Look up License Plate Numbers?