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The GOP tax bill would axe the existing tax deferral of non-qualified deferred compensation packages, affecting public as well as private companies. (Photo: Shutterstock)

A provision of the Tax Cuts and Jobs Act, which the GOP is billing as a comprehensive tax reform bill, would eliminate the existing tax deferral of non-qualified deferred compensation packages, according to tax attorneys at Ernst & Young.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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