# Golden Parachute and Indemnification Payments-Technical Correction
> **US National Credit Union Administration** · Interim final rule with request for comments. · Published 2011-06-24 · Effective 2011-06-27 · 76 FR 36979
## Document
- **Document number:** 2011-15729
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 76 FR 36979
- **CFR reference:** 12 CFR 750
- **Publication date:** 2011-06-24
- **Effective date:** 2011-06-27
## Abstract

NCUA is issuing a technical correction to its rule restricting a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party (IAP), published in the Federal Register of May 26, 2011. The amendment corrects an exception to the definition of golden parachute payment pertaining to plans offered under Sec. 457 of the Internal Revenue Code.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/06/24/2011-15729/golden-parachute-and-indemnification-payments-technical-correction)
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