Louisiana Deferred Comp Phone Number In Philadelphia
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State:
Multi-State
County:
Philadelphia
Control #:
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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Sign up and manage your deferred compensation retirement account. Contact them Monday – Friday, from 8 a.m.Com or call . For more information on loans, contact the. Louisiana Deferred Compensation Plan at . Then, contact a deferred comp representative at 1.866. 737.7457 to discuss the rollover process. OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees. Reach out if you have questions about your workplace retirement plan.