how does deferred compensation work 
with deferred compensation the plan withholds a portion of your pay until a specific date usually when you retire it is part of your salary that is not paid or taxed until the future deferred compensation is usually used as an incentive to hold onto key employees 3can employer cut your retiree health benefits if your employer provided you with health benefits in your retirement years be aware that they could potentially cut those benefits under some circumstances private sector employers are not required to provide health benefits in retirement years and if they do they may legally cut back on those benefits unless they promised in writing not to do so 6the bottom lineunderstanding your other post employment benefits can help you better prepare for your retirement years consider consulting with a professional financial advisor to review your overall retirement plan and how any post retirement benefits you receive from an employer will play a role 