New York State Deferred Compensation Plan Annual Report In Wake
Category:
State:
Multi-State
County:
Wake
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. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan.Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. You can review the plan documents, policies, reports, and disclosures for the NC 401(k) and NC 457 Plans on the Supplemental Retirement Board of Trustees' page. The process to file your annual reports online is simple. Employees Deferred Compensation Plan created in accordance with Internal Revenue Code Section 457.