Phone Number For Ohio Deferred Comp 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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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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We will typically respond in one business day. Fax. 1-. Include contact information to receive a response.Participants with questions should contact the Service Center at 877.644. Sign up and manage your deferred compensation retirement account. It takes up to three business days to process a loan request and a week before receiving payment. Now is the time to GET STARTED. Your pension and your Ohio Deferred Compensation account are here to provide you with retirement income when you stop working. Need more information about deferred compensation plans? NACo's Deferred Compensation Program has helped more than 1.5 million county employees and retirees save for and live comfortably in retirement.