Louisiana Deferred Comp For Sale In Chicago
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State:
Multi-State
City:
Chicago
Control #:
US-00418BG
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Word;
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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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Please schedule a Local Office: In-Person Appointment or call us at 1-. The State of Illinois Deferred Compensation Plan is a supplemental retirement program for State employees.Your 457(b) deferred compensation allows public employees like you to put aside money from each paycheck toward retirement. Find your employer's plan. Download any State of Illinois Deferred Compensation Plan form now using Acrobat Reader. These forms allow data to be typed into the form and saved.