Phone Number For Ohio Deferred Comp In New York
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Multi-State
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US-00418BG
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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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Appointments with Local Account Executives (for those still working). Participants with questions should contact the Service Center at 877.644.Phone Numbers. . Ohio Deferred Compensation is a supplemental 457(b) retirement plan for all Ohio public employees. It provides participants with educational tools. As a public employee you are required to complete and file this form within 45 days of beginning employment. Please fill out the form in blue or black ink. The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers.