Louisiana Deferred Comp For Small Business In Clark
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State:
Multi-State
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Clark
Control #:
US-00418BG
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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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Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . Follow the prompts to enroll.We want to talk to you about your plans for the future. Congressional interest in financial management . . ; : Assistance in the improvement of financial management . The following sums in this Act are appropriated, out of any money in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2005.