Search results
Results from the Go Local Guru Content Network
457 plan. The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
A non-qualified deferred compensation plan or agreement simply defers the payment of a portion of the employee's compensation to a future date. The amounts are held back (deferred) while the employee is working for the company, and are paid out to the employee when he or she separates from service, becomes disabled, dies, etc.
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a later date after which the income was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options.
Both qualified and non-qualified deferred compensation plans can have vesting periods. Qualified plans are required to have vesting periods. Non-qualified plans are not, but occasionally do.
A nonqualified deferred compensation (NQDC) plan is an arrangement that an employer and employee agree to where the employer accepts to pay the employee sometime in the future.
After the vote, the MTA will submit the plan by Oct. 1 to the Capital Program Review Board, a four-member panel that must give final approval.
For premium support please call: 800-290-4726 more ways to reach us
The plan includes $187 million for infrastructure needed to allow reverse-peak and better off-peak service, including state-of-good-repair needs, and support up to 60 percent future growth in ...
Section 409A of the United States Internal Revenue Code regulates nonqualified deferred compensation paid by a "service recipient" to a "service provider" by generally imposing a 20% excise tax when certain design or operational rules contained in the section are violated. Service recipients are generally employers, but those who hire ...
MTA Must Make Plan To Tackle Fare Evasion Under State Budget - New York City, NY - The state budget requires the MTA to create a fare evasion plan with input from the mayor, the governor...