New York State Deferred Compensation Plan Phone Number In San Antonio
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State:
Multi-State
City:
San Antonio
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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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. For New York State Plan forms, brochures or account information, go to the Plan's web site or contact the HELPLINE at 1-.Need more information about deferred compensation plans? Call: 1- and press 3 and then 1. You will be asked for the member's NYSLRS ID, retirement or registration number (or Social Security number) The content on this page focuses only on governmental 457(b) retirement plans. Contributing to the UTSaver Deferred Compensation Plan (UTSaver DCP) can significantly reduce your current taxes and help you save for retirement. The New York State Deferred Compensation Plan (Plan) allows participants to invest a portion of their Plan account assets in mutual funds.