Section 928.5 Of Article 2. “wages,” The Basis Of The Contribution From California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 2.
928.5
. "Wages" also includes all of the following:
(a) Any employer contributions under a qualified cash or deferred
arrangement, as defined by Section 401(k) of the Internal Revenue
Code, to the extent the amount is excluded from the gross income of
the employee under Section 402(e)(3) of the Internal Revenue Code.
(b) Any amount treated as an employer contribution under a state
pickup plan as defined by Section 414(h)(2) of the Internal Revenue
Code, only if the payments are made pursuant to a salary reduction
arrangement.
(c) Any amount deferred under a nonqualified deferred compensation
plan shall be taken into account, for purposes of this article, on
the later of the following:
(1) When the services are performed.
(2) When there is no substantial risk of forfeiture of the right
to the amount.
(d) Any amount taken into account as "wages" by reason of
subdivision (c), and the income attributable thereto, shall be taxed
only once and shall not thereafter be treated as "wages" for purposes
of this article.
(e) For the purposes of this section, the term "nonqualified
deferred compensation plan" means any plan or arrangement for
deferral of compensation other than a plan described under Section
934.