Deferred Agreement Sample For 2023 In Riverside
Category:
State:
Multi-State
County:
Riverside
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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â–¡ I am a new participant in the County of Riverside 457 Deferred Compensation Plan Note: Only use this form if you have established an account in the Plan. This Agreement may be executed in any number of counterparts, each of which will be an original, but all of which together will constitute one instrument.Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan.