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AIG to Terminate Voluntary Deferred Compensation Plans

National News • November 14, 2008
American International Group Inc. said on Friday that it is terminating 14 voluntary deferred compensation programs involving 5,600 employees and independent agents and representatives. ...

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Subject: RE: RTFA

Posted On: November 17, 2008, 1:37 pm CST
Posted By: Tom
Comment:
I'm not sure Ralph is totally correct. Yes, it's money the participants earned, but unless it's a qualified plan, it is not sitting somewhere in escrow or a trust fund or anything like that. Nonqualified plans are usually on a "pay as you go" basis, and the fact is that if a company goes bankrupt then any nonqualified plan accounts are in jeopardy. Maybe this one is different, so if anyone knows, might help the discussion.
Subject Posted By Posted On
RE: RE: RTFA blah, blah...
Nov 19, 2008, 1:32 pm
RE: RTFA Tom
Nov 17, 2008, 1:37 pm
RTFA Ralph
Nov 17, 2008, 12:36 pm
A drop in the bucket. Doctor J
Nov 17, 2008, 12:13 pm
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