Louisiana Deferred Comp Withdrawal In Riverside
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State:
Multi-State
County:
Riverside
Control #:
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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The County of Riverside offers a voluntary Deferred Compensation Plan to assist employees in meeting their financial goals in retirement. Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan.The Emergency Withdrawal Form must be completed and submitted to the deferred compensation provider. Find your employer's plan. For more information on loans, contact the. Louisiana Deferred Compensation Plan at . Learn about the benefits and application process for service retirement, disability, and industrial disability retirement.