What Is A SERP Retirement Plan?

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    David RacichPRO
    Fountain Hills, Arizona
    A SERP is a Supplemental Executive Retirement Plan generally for key executives in a company. Employers who wish to retain the services of important employees use deferred compensation plans as “golden handcuffs” to secure their employment into the future. SERPs generally have a vesting schedule over a time certain period described in the arrangement.
     
    Answered on July 16, 2013
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