Joy Feinberg’s Answer
Sure there are. Deferred Compensation is often awarded in the form of retirement benefits. These benefits are usually called “PENSIONS”.
There are different types of “PENSIONS”
- A true “pension” is a formula based award – you will be paid a percentage of your last 5 years or compensation and that % is based on the # of years of service with the company and your age at the time of your retirement. Think of this type of retirement plan as something like an ANNUITY.
- Then there are the Retirement Plans that are most common today = 401(k)s and Profit Sharing Plans where you and your employer put PRE-TAX money away into an account just for you which will grow (we hope) over time into a very nice nest egg.
- There are government workers plans – such as teachers, police, municipal workers who don’t pay into social security but are instead part of these plans.
ALL OF THESE are divided upon divorce.