Louisiana Deferred Comp For Retirement In Pennsylvania
Category:
State:
Multi-State
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
Log in to your online Defined Contribution Plan account. NYS Pension Taxation Requirements By State.Will Your NYS Pension be Taxed If You Move to Another State? This chapter outlines the steps to be taken when a member applies for retirement with the Deferred Retirement Option Plan (DROP). NACo's Deferred Compensation Program has helped more than 1.5 million county employees and retirees save for and live comfortably in retirement. Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . Find your employer's plan. DROP is a retirement benefit that allows Tier 1 public safety members who are already eligible for retirement to continue working while collecting a salary.