Deferred Compensation Agreement Template For Mortgage In Riverside
Category:
State:
Multi-State
County:
Riverside
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.
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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. To define the City of Riverside Deferred Compensation Plan as arranged under Section 457 of the.The County of Riverside offers a voluntary Deferred Compensation Plan to assist employees in meeting their financial goals in retirement. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. A deferred compensation agreement is an agreement between a company and an employee that withholds paying some of the employee's salary. A 457(b) plan is a tax-deferred retirement savings plan. Funds are withdrawn from an employee's income without being taxed and are only taxed upon withdrawal. □ 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.