Louisiana Deferred Comp Form 2023 In Kings
Category:
State:
Multi-State
County:
Kings
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
If you are eligible to retire after January 1, 2004, and you choose to enter DROP, you will automatically be enrolled in the Self-Directed Plan. Use black or blue Ink when completing this form.Deferred Compensation Plan. Simply complete the enclosed enrollment form and submit it to your employer. • Select: REGISTER. Complete, sign, date, and return this form at least two weeks before your last day of work to the address below. Use the Enroll Now button on MyFloridaDeferredComp. Com to fill out and submit the online EZ Enrollment Form.