Sign Up For Nys Deferred Comp In Pennsylvania
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Multi-State
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US-00418BG
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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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Log in to your online Defined Contribution Plan account. The New York State Deferred Compensation Plan is a State-sponsored employee benefit for State employees and employees of participating employers.Account Sign In. Provides you with a voluntary supplemental investment plan with tax deferred savings. Benefit Distribution Request (PDF) (PDF) – Start the process needed to request a distribution from the Plan. There are two ways to enroll in the deferred compensation plan. If you are blind or seriously visually impaired and need this application in an alternative.