New York State Deferred Compensation Plan Annual Report In Fairfax
Category:
State:
Multi-State
County:
Fairfax
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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Sign up and manage your deferred compensation retirement account. Use these forms to manage your retirement plan.We have audited the accompanying financial statements of the Fairfax County Employees' Retirement. NYC Deferred Compensation Plan Annual Reports. The Committee meets each quarter, and occasionally off-cycle, to review the Plans' performance. Management is responsible for the contents of the Annual Comprehensive Financial Report and believes the information presented in the Annual.