Sign Up For Nys Deferred Comp In Contra Costa
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State:
Multi-State
County:
Contra Costa
Control #:
US-00418BG
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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.
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The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers. Sign up and manage your deferred compensation retirement account.The County offers a voluntary Deferred Compensation Plan in accordance with Section 457 of the Internal Revenue Code. The Contra Costa County Deferred Compensation Plan is a governmental. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. Your complete financial picture.