Deferred Agreement Sample For 401k In Alameda

State:
Multi-State
County:
Alameda
Control #:
US-00417BG
Format:
Word; 
Rich Text
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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.
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Participants in the Deferred Compensation Plan who separated from County service are requested to submit a Distribution Election form. To the Employee: Use this form to make changes in the amount of your deferral to your 457 Deferred.You must fill out a Deferred Salary Agreement Form for each employer you work for, even if you have already completed a form. The Deferred Salary Agreement. Participating in the Program is one of the best ways to save money for your retirement. An Eligible Individual who requests a Direct Rollover must complete a distribution form in the manner and form that the Association prescribes. Actors and stage managers working under a contract that allows them to defer income to their 401(k) will need to complete a 401(k) Deferral Form. Members of ACERA may purchase additional service credit to increase their retirement allowance or may redeposit previously withdrawn member contributions.

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Deferred Agreement Sample For 401k In Alameda