Deferred Compensation Form For 2023 In Florida
Category:
State:
Multi-State
Control #:
US-00417BG
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
This website is intended to provide information about the State of Florida's Government Employees Deferred Compensation Plan. Contact the Bureau of Deferred Compensation at for assistance with this form.If you are dually employed with one or more. Florida Retirement System (FRS) employer(s), each employer must complete the employer's portion of a Form DP-ELE. The Florida Deferred Compensation Plan is available to help State employees bridge the savings gap. Com to fill out and submit the online EZ Enrollment Form. Deferred Compensation Change Form. To complete the form, click Open PDF Full Screen. Your Employer sponsors a 403(b) Salary Reduction and a 457(b) Deferred Compensation Plan.