Discretionary Authority


Definition of "Discretionary authority"

Mike Pecora real estate agent
Mike Pecora, Real Estate Agent CKJ Consultants LLC

Legal power of the commissioner of Internal Revenue to approve any classification of employees that does not discriminate in favor of a prohibited group. Such approval is necessary before a retirement plan can be a qualified pension plan and thus subject to tax benefits.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions