New York State Deferred Compensation Plan Phone Number In Cook
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Multi-State
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Cook
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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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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. Please call the HELPLINE at 1- and speak with a Representative if you have any questions or need assistance.Need more information about deferred compensation plans? State: ZIP: Plan Name: ☐ Cook County (0035046001) ☐ Cook County Forest Preserve (0035043001). Name: Account Number or SSN: Email: Preferred Phone Number:. Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. To add this to your My Strategies list, click the icon to open the Select-a-Strategy popup window and select 457 - New York State DCP-2 from the list.