New York State Deferred Compensation Plan Annual Report In Salt Lake
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State:
Multi-State
County:
Salt Lake
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 New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers. Use these forms to manage your retirement plan.NYC Deferred Compensation Plan Annual Reports. This document provides an introduction to the process and instructions to complete this Request for Proposal (RFP). Objectives. This subcommittee reports regularly to the full Audit Committee and to the Board. AAA-ICDR senior management identifies risks, which are scoped and prioritized.