Louisiana Deferred Comp Form 2023 In Georgia
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State:
Multi-State
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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Find your employer's plan. ERSGA is the plan sponsor for the State of Georgia's 401(k) and 457 plans, collectively referred to as Peach State Reserves (PSR).Simply complete the enclosed enrollment form and submit it to your employer. NACo's Deferred Compensation Program has helped more than 1.5 million county employees and retirees save for and live comfortably in retirement. Can You Amend a Return? Completing Your Form 940. Use black or blue Ink when completing this form. 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. The Board forms are available in a fillable format for printing or downloading a copy to your storage media.