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defer
(redirected from deferrals)

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For plan years beginning after 2007, plans that offer automatic enrollment and meet certain requirements are exempt from the usual nondiscrimination tests that apply to employees' elective deferrals and employer matching contributions.
Further, because MCP was Scherbart's agent and the deferrals were self-imposed limitations, the value-added payments were taxable to Scherbart when MCP received them.
The budget folds the Senior Citizens' Property Tax Assistance Program for elderly, blind and disabled homeowners - which provides payments up to $473 - and merging it with a separate program that provides tax deferrals, rather than rebates.
 
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