Louisiana Deferred Comp For Ira In King
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State:
Multi-State
County:
King
Control #:
US-00418BG
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Word;
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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 . The DROP provides a way for members who are eligible to retire to continue working while receiving a retirement benefit.Use black or blue Ink when completing this form. LEOFF Plan 2 is a 401(a) lifetime retirement pension plan available to law enforcement officers and firefighters in Washington. Employees have access to Louisiana's 457(B) deferred compensation plan which is an optional, supplemental retirement plan that allows additional tax-deferred.