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The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
Deferred compensation is an arrangement in which a portion of an employee's wage is paid out at a later date after which it was earned. Examples of deferred compensation include pensions , retirement plans , and employee stock options .
Extebank Deferred Compensation Plan (B), 216 F.3d 283 (2d Cir. 2000), the Second Circuit concluded that a plan could still qualify as a "top hat" plan even though (i) more than 15% of the employees were eligible to participate, and (ii) two or three of the participants were neither highly compensated nor management employees. Thus, while the ...
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The Milwaukee Common Council is the lawmaking body of the City of Milwaukee. It comprises 15 members from 15 council districts throughout the city. As of 1960, membership on the Common Council was considered more desirable than membership in the Wisconsin State Assembly , and incumbent legislators would often seek a position on the council ...
City of Milwaukee may refer to: the city of Milwaukee, Wisconsin; SS ...
The City of Milwaukee unveiled its first "community Christmas tree" on Dec. 24, 1913. The tree, paid for with community donations, was installed in the Grand Avenue Court of Honor, the collection ...
Milwaukee Public Schools must contribute nearly $10 million more to the city's pension plan because of financial market downturns. That pension is for nonclassified district employees such as educational assistants and engineers, but fulfilling the obligation means even more money could be taken from the classroom in a time of already reduced ...