Deferred Compensation Form For 2023 In Collin
Category:
State:
Multi-State
County:
Collin
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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Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan.This SRA is required to enroll in a voluntary Tax Deferred Account (TDA). The Employee and an authorized representative of. You may not make DAR contributions in the year that you designate as. Find your employer's plan. You will need to complete the TRS-28 provided to you.