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409(a) Nonqualified Deferred Compensation Plans present one of these opportunities. You willingly forgo income today with the faith that your company will survive many years into the future to make good on this liability to you—all for a tax benefit that tips the odds in your favor. Behold the power of compounded tax-free gains!
Siemens offers eligible employees a 409(a) Nonqualified Deferred Compensation Plan (DCP) which provides those employees with a fairly straightforward opportunity: willingly forgo income today for a tax benefit. Benefits of the Siemens DCP include tax benefits and the benefit of a company match. Tax Benefits.
At their most basic level, executivecompensation plans are designed to attract, retain and motivate top talent and leadership. The four elements of effective executivecompensation plans . In addition to a base salary executives receive benefits that go far and above those offered to non-key employees.
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