New York State Deferred Compensation Plan Investment Options In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00418BG
Format:
Word;
Rich Text
Instant download
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.
Free preview
Form popularity
More info
A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. We're pleased to offer the Schwab Self-Directed Brokerage Option® (SDO)—a self-directed brokerage account available through the Deferred Compensation Plan.The New York State Deferred Compensation Plan (Plan) allows participants to invest a portion of their Plan account assets in mutual funds. Sign up and manage your deferred compensation retirement account. If you participate in a deferred compensation plan, you can contribute a portion of your salary to a retirement account. ☐ Complete all sections of the Retirement Benefit Options form that apply to your request. Find your employer's plan. The County of San Diego offers retirement plans for employees like you to put aside money from each paycheck toward retirement. Here's a planner to help you decide.