 Rabbi Trust
|
Rabbi Trust
A compensation plan established by an employer for an employee. It provides the employee with some assurance of promised benefits while preserving the tax deferral function that is the reason for unfunded deferred compensation plans. The employer uses an independent trustee, which allows the employee to defer income, but which leaves the assets in the plan subject to the employer's creditors, in the event of bankruptcy or insolvency.
|
Email This Page
Printer Friendly Version
