Louisiana Deferred Comp For 2023 In Georgia
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Multi-State
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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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Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . PSR is a retirement savings option for eligible state of Georgia employees.Two plan options are available under PSR, a 401(k) plan and a 457 plan. NACo's Deferred Compensation Program has helped more than 1.5 million county employees and retirees save for and live comfortably in retirement. Simply complete the enclosed enrollment form and submit it to your employer. Find your employer's plan. The Deferred Compensation 457 plan is offered through MissionSquare Retirement. A 457 plan allows you to save and invest money for retirement with tax benefits. If you wish to enroll in Deferred Compensation you have 30 days from your date of hire to enroll retroactive to your original date. Before you can properly fill out the worksheet, you will need to gather the following information.