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.
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:
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.