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457 Deferred Compensation Plan Deferral Acceleration for Retirement (Dar) Form - New York City
457 Deferred Compensation Plan Deferral Acceleration for Retirement (Dar) Form is a legal document that was released by the New York City Office of Labor Relations - a government authority operating within New York City.
FAQ
Q: What is a 457 Deferred Compensation Plan?A: A 457 Deferred Compensation Plan is a retirement savings plan available to employees of government agencies and certain non-profit organizations.
Q: What is the purpose of a 457 Deferred Compensation Plan?A: The purpose of a 457 Deferred Compensation Plan is to help employees save for retirement by allowing them to set aside a portion of their income on a pre-tax basis.
Q: What is the Deferral Acceleration for Retirement (DAR) Form?A: The Deferral Acceleration for Retirement (DAR) Form is a specific form used by participants in the 457 Deferred Compensation Plan in New York City.
Q: What is the purpose of the DAR Form?A: The purpose of the DAR Form is to accelerate the distribution of deferred compensation funds to participants upon their retirement.
Q: Who is eligible to use the DAR Form?A: Only participants in the 457 Deferred Compensation Plan in New York City are eligible to use the DAR Form.
Q: How does the DAR Form work?A: Participants complete the DAR Form to request the payout of their deferred compensation funds upon retirement.
Q: Are there any tax implications for using the DAR Form?A: Yes, there may be tax implications for using the DAR Form. It is important to consult with a tax professional to understand the potential tax consequences.
Q: Are there any deadlines for submitting the DAR Form?A: The deadlines for submitting the DAR Form may vary. Participants should contact the administrator of the 457 Deferred Compensation Plan in New York City for more information.
Q: What should I do if I have questions about the DAR Form?A: If you have questions about the DAR Form, you should reach out to the administrator of the 457 Deferred Compensation Plan in New York City for clarification.
Form Details:
- Released on December 1, 2022;
- The latest edition currently provided by the New York City Office of Labor Relations;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the New York City Office of Labor Relations.
Download 457 Deferred Compensation Plan Deferral Acceleration for Retirement (Dar) Form - New York City
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