The New York City Deferred Compensation Plan (DCP) allows eligible New York City employees a way to save for retirement through convenient payroll deductions. 422.122 Information on deferred vested pension benefits. If you do not receive benefits, you can: New! Deferred compensation shouldn't affect Social Security benefits. Learn more about saving for retirement with the King County Employee Deferred Compensation Plan. How is my deferred compensation taxed? Special Payments After Retirement ... deferred compensation reported on a W-2 form ... will not affect their Social Security benefits, as Learn what nonqualified deferred compensation plans can offer. Nonqualified deferred compensation plans Learn what nonqualified deferred compensation plans can offer. Special wage payments made ... compensation plan. ... to complement their ERS pension and Social Security benefits. The County offers employees a competitive benefits package that include medical, dental, vision, legal, disability, retirement and more. | A 457 plan is a program that allows you to defer compensation on a pre-tax basis through payroll deduction. (a)Claimants for benefits. DRS D 445 5/17 Deferred Compensation Program (DCP) Quick Enrollment This is a participation agreement to enroll in the Washington State Deferred Compensation OPM works with your Agency's personnel and payroll office to process your annuity claim. ... retirement benefits. Using a deferred-compensation plan can be an excellent tax strategy but not all deferred compensation plans are the same. 2/13/2014) Social security benefits rules regulations guidelines easy to read layman's language Please note that Customer Benefits will be ... More About Deferred Compensation. The New York City Deferred Compensation Plan ... DCP is a supplemental savings plan to their pension and Social Security. Deferred Compensation. ... credit and health benefits. Request a replacement Social Security card if you meet certain requirements; To understand this case, we need to review the Social Security (FICA) taxation of nonqualified deferred compensation benefits. If you had nothing withheld for taxes from your Social Security benefits, you may need to pay some taxes when you file. Participation in the Deferred Compensation Plan allows you to "defer", or delay, receiving a portion of your income until a later date; generally when you retire. King County Deferred Compensation Plan Designation of Beneficiary Form *RBAR03250934* 250934KCBN (C/ Rev. ... (you pay only Social Security and Medicare taxes), ... to pay future benefits when they become payable.