A New Sheriff in Town, the Impact of the Tax Cuts and Jobs Act on Nonqualified Deferred Compensation

Bruce McNeil

The presentation will involve a discussion of new section 83(i) and changes to section 162(m) of the Internal Revenue Code.”

Bruce J. McNeil is an attorney in Boston, Massachusetts, practicing in the employee benefits area. Earlier in his career, he was an attorney with the Employee Plans Technical and Actuarial Division of the Internal Revenue Service in Washington, D.C. Mr. McNeil received a B.A. from Concordia College (1979), a JD from Drake University Law School (1982), an LLM from Georgetown University Law Center (1983), and an MA in English from Georgetown University (1987). He is a member of the District of Columbia, Connecticut, Minnesota, Iowa, and North Dakota Bars. He is also a member of the United States Supreme Court, the United States Tax Court, the District of Columbia Court of Appeals, the Eighth Circuit Court of Appeals, and a number of district courts.

Mr. McNeil testified before the United States Senate Committee on Finance on executive compensation matters during hearings on the Enron Corporation. He is a Fellow of the American College of Employee Benefits Counsel. He was appointed to serve on the U. S. Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans by the former Cabinet Secretary of Labor, Elaine Chao. He has been an adjunct professor of Law at the University of Minnesota Law School.

Mr. McNeil was selected by the Plan Sponsor Council of America (“PSCA”) to lead a meeting with the U. S. Government Accountability Office (“GAO”) where the topic of discussion was non-qualified deferred compensation plans. The meeting was spurred by an inquiry to the GAO by Senator Bernie Sanders. Mr. McNeil serves as Chair of the PSCA’s Non-Qualified Deferred Compensation Committee and is considered one of the country’s foremost experts in the area of non-qualified deferred compensation. Mr. McNeil is also the Editor-in-Chief of the Journal of Pension Planning & Compliance and the Editor-in-Chief of the Journal of Deferred Compensation. The journals are both quarterly publications distributed nationally. Mr. McNeil is the author of more than 34 books and the author or co-author of over 100 published articles on employee benefit matters.

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