1318. Do amounts deferred under a nonqualified deferred compensation plan count as wages?

Effective January 1, 1984, delayed payments under your Nonqualified Deferred Compensation Plan are wages:

1. When you perform services; or

2. When you meet the conditions required for payment.

   Note: If an agreement was in existence on March 24, 1983, between you and a nonqualified deferred compensation plan for services you performed before 1984, the payments are excluded from wages if the payment would have been excluded from wages under Social Security before 1983.

Last Revised: March, 2001