Top Hat 457(b) and New Deferred Comp. Rules

[Christine Roberts]

New deferred comp rules under American Jobs Creation Act do not apply to eligible 457(b) plans. Presumably this means an organization-wide deferred comp plan of a governmental or private tax-exempt employer, and NOT a top-hat 457(b) plan for the executive of a private non-profit; i.e., the new deferred comp rules DO apply to a top-hat 457(b) plan??

[Christine Roberts]

Per pax, posting on the NQDC board, page 524 of the conference report excludes all 457(b) plans, whether organization-wide, or top-hat.