Compensation Agreement For Employees In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
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.
Free preview
Form popularity
More info
Employment contracts and pay are based on periods of active employment. Find out more about Pima's system of position classification and compensation.How many unique jobs, job titles, or job codes do employees in the studied roles represent? Go to the Recruitment and Selection link of Human Resources, select the appropriate link to our Career Centers to apply for any open Pima County position. What compensation is used to determine my Plan benefits?