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IRS Rulings Encourage Possible New Retirement Benefit for Workers

Posted Jul 8, 2010 2:47 PM CDT
By Martha Neil

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Rulings by the Internal Revenue Service have opened the door wider to a possible new benefit for a number of workers.

If employers are willing, they can agree to funnel a worker's unused paid time off into his or her account in the company's 401(K) retirement plan, senior counsel Lisa Berkowitz Herrnson of Proskauer Rose tells Bankrate.

An article in Employee Benefit News by partner Frank Palmieri of Palmieri & Eisenberg provides further details.

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