New York State Deferred Comp Log In In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00418BG
Format:
Word;
Rich Text
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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.
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A voluntary retirement savings plan that provides quality investment options, investment educational programs and related services. Sign up and manage your deferred compensation retirement account.The New York City Deferred Compensation Plan has been with you throughout your working life and can continue with you throughout retirement. What is the New York State. Deferred Compensation Plan. 1. The New York State Deferred Compensation Plan (Plan) allows participants to invest a portion of their Plan account assets in mutual funds. Employees of Washington state and political subdivisions who offer the DCP program are eligible to participate in DCP. Enrolling as a new customer is easy!