Deferred Compensation Form For 2023 In Georgia
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State:
Multi-State
Control #:
US-00417BG
Format:
Word;
Rich Text
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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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4P Withholding Certificate for Pension or Annuity Payments. For recipients of income from annuities, pensions, and certain other deferred compensation plans.The Deferred Compensation 457 plan is offered through MissionSquare Retirement. A 457 plan allows you to save and invest money for retirement with tax benefits. As a participant in the Plan, I understand the Plan permits me to defer a portion of my compensation. File Georgia Form 500 and complete Form 500 Schedule. 3 to calculate Georgia taxable income. PSR is a retirement savings option for eligible state of Georgia employees. Two plan options are available under PSR, a 401(k) plan and a 457 plan. The Salary Deferral Form is not an enrollment form, it is a form to elect or change your 457(b)-contribution amount.