Louisiana Deferred Comp For 2023 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.Questions regarding §457 maximums and refunds should be directed to Louisiana Deferred Compensation at or toll free at . Find your employer's plan. Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Sign up and manage your deferred compensation retirement account. If you wish to enroll in Deferred Compensation you have 30 days from your date of hire to enroll retroactive to your original date. Before you apply, you must first receive approval from your employer.