Deferred Compensation Plan For Executives In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
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
The 457(B) Plan allows employees to make regular contributions into retirement savings. There are both pre-tax and after-tax savings options.A 457 deferred compensation plan allows you to invest money for retirement with tax benefits. Sign up and manage your deferred compensation retirement account. Name: The name of this Plan is the County of Santa Clara 457(b) Deferred Compensation Plan, hereinafter referred to as the "Plan. The Voluntary 457 Deferred Compensation plan provides a convenient way for City employees to save money for retirement with pre-tax earnings. Learn about some strategies for managing nonqualified deferred compensation plans, which can be a tax-efficient way to save for retirement. Santa Clara University provides a supplemental retirement plan for all eligible employees. Deferred compensation is a financial arrangement where employees can elect to receive a portion of their income at a later date, typically during retirement.