1318.Do amounts deferred under a nonqualified deferred compensation plan count as wages?
Effective January 1, 1984, delayed payments under your Nonqualified Deferred Compensation Plan are wages:
When you perform services; or
When you meet the conditions required for payment.
Note: If an agreement was in existence on March 24, 1983, between you and a nonqualified deferred compensation plan for services you performed before 1984, the payments are excluded from wages if the payment would have been excluded from wages under Social Security before 1983.