New York State Deferred Compensation Plan Annual Report In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
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. You will need to indicate which market segment (core, large, or mega) of the questionnaire is applicable to the Plan.Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. Complete a new REV-419 every year or when your personal or financial situation changes. Photocopies of this form are acceptable. Plan 16 members will have the option to participate in the Deferred Compensation Plan (DC. Plan). Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Provides you with a combined retirement benefit, which includes a pension and investment plan. Sign up and manage your deferred compensation retirement account.