Compensation Plan For Employees In Pima
Category:
State:
Multi-State
County:
Pima
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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Substantive changes to the Faculty Salary Schedule shall be referred to the AERC for action during the annual compensation-based Meet and Confer process. Find out more about Pima's system of position classification and compensation.The Pima County Human Resources Department is a diverse team of HR professionals who are innovative problem solvers dedicated to providing practical solutions. What compensation is used to determine my Plan benefits? 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. An employee assigned a work schedule of at least nine consecutive months out of twelve in a single year will be considered a Full-Time Regular Employee. Full-time employees of Pima Medical Institute receive an impressive benefits package. This package includes the following.