Nys Deferred Comp Withdrawal Form For Withdrawal In Harris
Category:
State:
Multi-State
County:
Harris
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
Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. Benefit Distribution Request (PDF) – Start the process needed to request a distribution from the Plan.Fill out this form and submit it via mail for processing. To apply, fill out the Self-Certification Unforeseeable Emergency Form (PDF) and return it to us via mail. You must complete and submit IRS Form W-8BEN along with your application. IRS Form W-8BEN and instructions are available at the. Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Deferred compensation plans are designed for state and municipal workers, as well as employees of some tax-exempt organizations.