New York State Deferred Compensation Plan Annual Report In Riverside
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State:
Multi-State
County:
Riverside
Control #:
US-00418BG
Format:
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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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan.Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Future benefits from the 457(b) Plan will reflect the amount of a participant's voluntary salary deferral contributions plus earnings. Vesting is immediate. Management is responsible for the contents of the Annual Comprehensive Financial Report and believes the information presented in the Annual. Find your employer's plan. (h) Deferred Compensation Plan. The System sponsors an eligible deferred compensation plan as described under Internal Revenue.