New York State Deferred Compensation Plan Annual Report In Middlesex
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State:
Multi-State
County:
Middlesex
Control #:
US-00418BG
Format:
Word;
Rich Text
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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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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan.The Rules and Regulations of the New York State Deferred Compensation Board detail the procedures and guidelines for administering a deferred compensation plan. Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. What is the New York State. Deferred Compensation Plan. 1. Employees of Washington state and political subdivisions who offer the DCP program are eligible to participate in DCP. Enrolling as a new customer is easy! Issued financial report for the State of New Jersey Public Employees Retirement System.