ERISA Advisory Opinion - UT Medical Group Incentive Plan

This document is about an advisory opinion from the U.S. Department of Labor regarding whether the UT Medical Group, Inc. Key Employee Incentive Plan should be considered a "bonus plan" or a "pension plan" under ERISA Section 3(2)(A). The Department concludes that the plan, based on the representations provided, is not a pension plan by its express terms, but may be considered a pension plan if the payments are, in operation, systematically deferred until termination of employment or retirement.