Louisiana Deferred Comp For Retirement In Massachusetts
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
How Does It Work? With the Deferred Compensation Plan, you can set up automatic payroll deposits, adjust your investment allocations at any time, participate for as long as you choose, and access a range of investment options and support.
The yearly pension is determined by your age at retirement, years of state service, salary and group classification. The maximum pension that can be received is 80% of the average three or five highest consecutive years of salary. You can file for retirement no sooner than 120 days before you plan to retire.
Louisiana Deferred Compensation Plan (LDCP) is a voluntary retirement savings plan that offers eligible employees the option to contribute pre-tax or post tax (Roth) contributions through payroll deductions.
My withdrawal may be subject to fees and/or loss of interest based upon my investment options, my length of time in the Plan and other possible considerations. If I have not been advised of the fees and risks associated with my withdrawal, I may contact Service Provider for a withdrawal quote at 1-877-457-1900.
OBRA or the Omnibus Budget Reconciliation Act of 1990 is a Massachusetts state mandated employee-funded 457 deferred compensation plan for part-time, seasonal, and/or short-term public employees.
OBRA is the mandatory employee-funded defined contribution plan for part-time, seasonal, and short-term public employees—this includes many DCE unit members.
