David Fischer New York State Deferred Compensation Plan In Fairfax
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Fairfax
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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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New York State Deferred Compensation Plan. 1450 Western Avenue.Sharon Lukacs has been named executive director of the New York State Deferred Compensation Plan, succeeding David Fischer, who has retired. Fischer presented the Board two amendments to existing contracts. David brings more than 20 years of experience as a researcher, strategist, and administrator in New York City's education and workforce development communities. The purpose of this part is to implement the provisions of. Public Law 763, 84th Congress (70 Stat.