David Fischer New York State Deferred Compensation Plan In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00418BG
Format:
Word;
Rich Text
Instant download
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.
Free preview
Form popularity
More info
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. We hope that you find this Handbook helpful, and that it provides some aid in protecting your rights behind bars. Address your com- ments to the agency representative whose name and address are printed in the notice of rule making. This page contains links to opinions, orders, or memoranda from the previous six months. The New York City Deferred Compensation Plan is a voluntary program that allows city employees to set aside a portion of their salary for retirement.