Nys Deferred Comp Withdrawal Form For Fixed Annuities In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
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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Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. This booklet briefly describes the New York City Deferred Compensation Plan (NYCDCP), an umbrella program consisting of the 457 Plan and the 401(k) 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. Money management forms, roll money into your plan (PDF) (PDF), from other retirement plans, beneficiary and alternate payee distribution (PDF) (PDF). Section II: Please write the. Entity Number, Name and. For New York Life Fixed Annuities. Use form VL 20795-LB if the account has a living benefit. A fixed deferred annuity could be right for you.