Private Pensions: Little Information Available on Qualified Supplemental Executive Retirement Plans.

DEFINED benefit pension plans; TAX incentives; UNITED States. Government Accountability Office; UNITED States. Congress. House. Committee on Ways & Means; INCOME tax; RETIREMENT planning

The article discusses a report by the U.S. Government Accountability Office (GAO) to the Ways and Means Committee of the U.S. House of Representatives about Qualified Supplemental Executive Retirement Plans (QSERPs), which addresses tax incentive issues for highly paid and non-highly paid workers with defined benefit (DB) pension plans. According to GAO, the QSERPs' prevalence is unknown due to the lack of comprehensive data. Moreover, QSERPs may reduce the plan sponsors' income tax liability.