Louisiana Deferred Comp For 2023 In Riverside
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State:
Multi-State
County:
Riverside
Control #:
US-00418BG
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Word;
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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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The City provides all benefited employees the opportunity to participate in a Section 457b Deferred Compensation plan. The County of Riverside offers a voluntary Deferred Compensation Plan to assist employees in meeting their financial goals in retirement.Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . □ I am a new participant in the County of Riverside 457 Deferred Compensation Plan Note: Only use this form if you have established an account in the Plan. Find your employer's plan. Deferred Compensation account(s). To request a rollover of your eligible payout to your deferred compensation account, please complete the information below. Learn about the benefits and application process for service retirement, disability, and industrial disability retirement.