When it’s time for tax-exempt organizations such as colleges/universities, museums, and hospital systems to part ways with their senior executives, these institutions are most often considering how to best transition these executives off into the sunset rather than a morass of special tax rules (I will mention Internal Revenue Code citations just once for reference)

ERISA provisions are like fruity rum drinks. A little inattention and they can sneak up on you with most unpleasant consequences.   No place is this more true than with severance pay.  Many employers still believe that if they make just a single payment to a departing employee, they have not created a plan subject to