New York State Deferred Comp Log In In Orange
Category:
State:
Multi-State
County:
Orange
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.Retirement Online gives NYSLRS members, retirees and beneficiaries an easy and secure way to review their benefits and do business with NYSLRS in real time. The Florida Deferred Compensation Plan (the Plan) can play a vital role in helping you pursue your personal financial goals. Access your retirement savings account whenever and wherever you want.