Phone Number For Ohio Deferred Comp In Orange
Category:
State:
Multi-State
County:
Orange
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
Participants with questions should contact the Service Center at 877.644. Forms and Help. Forms. Help.If you have questions, contact Ohio Deferred Compensation. Now is the time to GET STARTED. Your pension and your Ohio Deferred Compensation account are here to provide you with retirement income when you stop working. For further information, the employee should contact our Service Center at and press 3 to speak with an Account Executive. Contact Lisa Benedetti at x204 for contact information for any of the above listed companies. Office Directory Tool. Find a local office contact for Retirement Services.