Louisiana Deferred Comp Form 2023 In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00418BG
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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Louisiana Public Employees Deferred Comp. Plan. 9822801. Use black or blue ink when completing this form.§457 Contributions. Use black or blue Ink when completing this form. A 457 deferred compensation plan allows you to save money directly from your paycheck for retirement, and offers tax benefits and different investment options. • Select: REGISTER. Our vision is to transform financial lives through advice, people and technology. Our mission is to empower financial freedom for all. A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services.