Deferred Compensation Plan For Highly Compensated Employees In Alameda - Deferred Compensation Agreement - Long Form
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00418BG
Format:
Word
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Description
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which the income is actually earned. A Deferred Compensation Agreement is a contractual agreement in which an employee (or independent contractor) agrees to be paid in a future year for services rendered. Deferred compensation payments generally commence upon termination of employment (e.g., retirement) or death or disability before retirement. These agreements are often geared toward anticipated retirement in order to provide cash payments to the retiree and to defer taxation to a year when the recipient is in a lower bracket. Although the employer's contractual obligation to pay the deferred compensation is typically unsecured, the obligation still constitutes a contractual promise.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
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Participating in the Program is one of the best ways to save money for your retirement. To enroll, you must file Enrollment forms with the Treasurer's Office.Service credit is measured in years. In general, you earn a year of service credit for each year you work full-time in an ACERA-covered job. The plan must be limited to provide benefits for a select group of management or highly compensated employees. Contributions to the plan are made pre-tax, through payroll, and may be placed in various investment vehicles. Employees may enroll or change their deferred. A governmental eligible deferred compensation plan described in Code Section. Instructions: Please fill out the Employee Information section, sign and return the completed form to the Human Resources. Department. At its October 24, 2018 committee meeting, the Deferred Compensation Committee voted to forward.