New York State Deferred Compensation Plan Phone Number In Miami-Dade
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State:
Multi-State
County:
Miami-Dade
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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Everyone is eligible; there is no waiting period or minimum number of hours to qualify. We will typically respond in one business day. Fax. 1-.Include contact information to receive a response. A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. Sign up and manage your deferred compensation retirement account. NACo's Deferred Compensation Program has helped more than 1.5 million county employees and retirees save for and live comfortably in retirement. Section II: Please write the. Entity Number, Name and. Need more information about deferred compensation plans?