Louisiana Deferred Comp For Dummies In Contra Costa
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State:
Multi-State
County:
Contra Costa
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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The County offers a voluntary Deferred Compensation Plan in accordance with Section 457 of the Internal Revenue Code. The Contra Costa County Deferred Compensation Plan is a governmental.Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . Reciprocity is an agreement among certain California public retirement systems allowing members to move from one public employer to another. Currently, CCCERA offers a deferred compensation plan in accordance with Section. At the ISO Board of Governors meeting, the ISO Board of Governors approved the 20232024 Transmission Plan. Shareholders of an IC-DISC are taxed on its income when the income is actually or deemed distributed.