Nike Deferred Compensation - How to coordinate salary, PSP, payroll taxes, distributions, and retirement timing

Nike’s deferred compensation plan requires employees to make separate, advance elections for salary and PSP bonuses while also choosing when and how each deferral will eventually be paid. The article explains how to coordinate these decisions with cash flow, retirement timing, income and payroll taxes, and future distributions while weighing limited liquidity, concentrated taxable income, and the fact that deferred balances remain unsecured obligations of Nike.