Deferred Compensation Plan Withdrawal In Collin
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State:
Multi-State
County:
Collin
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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This SRA is required to enroll in a voluntary Tax Deferred Account (TDA). The Employee and an authorized representative of.The foregoing First Amendment to the City of Fort Collins 457(b)Deferred Compensation Plan is executed on this day of . You must establish a Deferred Compensation account prior to making a rollover. Rollovers out of the Deferred Compensation Plan.