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Industry Updates & Alerts 

 

The following lists current legislative and regulatory updates that relate to the banking industry and executive compensation.

 

IRS Form 8925 - January 2008 - Reporting of Employer-Owned Life Insurance Contracts

IRS Notices 2007-86 and 2007-89 - November, 2007 - 409A Operational, Documentation and Reporting Requirements

Issuance of Final Section 409A Regulations - June, 2007

Accounting for Purchases of Life Insurance EITF No. 06-5 - April, 2007

Legislative Update - January 2007 - Legislative Proposals to Cap Annual Deferred Compensation Contributions and Accruals

IRS Notice 2006-79 -- Effective Date of Code Section 409A Regulations Delayed

FASB Ratifies EITF Issue No. 06-4, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Agreements"

Pension Protection Act of 2006



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