Wall Street employees may not know their year-end bonus numbers, but they already know they're less than last year and cash payouts will be capped and deferred.  That's what Morgan Stanley plans to tell its employees this week, according to the Wall Street Journal, which adds that 2011 bonuses for Goldman Sachs' roughly 400 partners reportedly will be cut at least in half from 2010 levels. Here's how bonuses at Morgan Stanley reportedly will shake out:

• In general, the portion of any bonus above $125,000 will be deferred until December 2012 and December 2013.
• Some top Morgan Stanley executives will get -0- now, but will receive 2011 payouts at the end of this year.
• The  10-member operating committee, which includes CEO James Gorman, will have their entire bonuses deferred for the year, but collect them at a later date.
• The 40-member management committee will see 85% of their bonuses deferred.
• Junior-level MS employees will see only 25% or less of their overall bonus deferred.
• Employees who are paid less than $250,000 overall will have no bonuses deferred.

Stanley could not immediately be reached for comment.   [Reuters, 1/16/12]