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Text of Notice 2006-33: Transition Relief for Deferred Comp Arrangements Under 409A(b) (PDF)
Internal Revenue Service [IRS]
[Official Guidance] Mar. 21, 2006
Excerpt: Section 409A(b) generally applies to the use of offshore trusts in connection with amounts payable under a nonqualified deferred compensation plan, and also the use of restrictions on assets to protect the payment of benefits under a nonqualified deferred compensation plan in connection with a change in the service recipient's financial health.... This notice addresses the application of certain technical corrections made ... in GOZA, (which was enacted on December 21, 2005) ...
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