Common Contracts
1 similar Deferred Compensation Plan Agreement contracts
Last Name First Name MI Social Security Mailing Address City State Zip Code Date of Birth Home Telephone No. Work Telephone No. Name of Agency Agency No. (Optional) 2015 AR Diamond Deferred Compensation Plan LimitsAnnual Limit 3 Year Catch-up Annual...Deferred Compensation Plan Agreement • December 4th, 2014
** This is available for employees who, in previous years, have not deferred or have deferred less than the maximum allowed. The earliest an employee can start the catch-up provision is three years before the year in which an employee attains normal retirement age. Normal retirement age is a range of ages beginning with the earlier of age 65 or the age at which an employee has the right to retire and receive immediate retirement benefits without actuarial or similar reduction under her employer’s pension plan and ending at age 70½. The maximum regular 457 annual amount that an employee is allowed to contribute to the 457 Plan is the lesser of (a) “100% of 457 Plan eligible wages”, or (b) $18,000. Under the 3 Year Catch-up provision, an employee can defer the maximum regular 457 Plan annual amount allowed plus “unused 457 deferrals”, if any, provided the total of the 457 regular deferrals, catch-up deferrals, Roth deferrals and Roth catch-up deferrals does not exceed twice the dollar li
