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The 457 plan is a type of nonqualified, 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 pretax or after-tax (Roth) basis.
The money came from the city of Baltimore's Deferred Compensation Plan, which employees can only access once they have left their job or are 70.5 years old. Below is an excerpt from the...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City. Part of the Metropolitan Transportation Authority, the busiest and largest transit system 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 ...
If you have a qualified plan and have passed the vesting period, your deferred compensation is yours, even if you quit with no notice on very bad terms. If you have a non-qualified plan,...
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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.
Five New Yorkers with disabilities filed a class action lawsuit this week to force MTA officials to extend half-price and discounted fares to people who use the Access-A-Ride paratransit...
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Plan a trip to see recommended routes and check schedules for subways, buses, Long Island Rail Road, Metro-North, PATH and AirTrain. Get service alerts and see planned and unplanned service ...
1⁄2 in ( 1,435 mm) standard gauge. The Maryland Transit Administration ( MTA) is a state-operated mass transit administration in Maryland, and is part of the Maryland Department of Transportation. The MTA operates a comprehensive transit system throughout the Washington-Baltimore metropolitan area. There are 80 bus lines serving the Baltimore ...