SERP (Supplemental Executive Retirement Plan)
A SERP is a nonqualified defined benefit plan. A very common executive benefit plan that will pay a pre-determined defined benefit payable by the organization at retirement to the executive based on age and years of service.
A SERP is a nonqualified defined benefit plan. A very common executive benefit plan that will pay a pre-determined defined benefit payable by the organization at retirement to the executive based on age and years of service.
Supplemental Executive Retirement Plan
