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OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held January
19, 2017, at 1:30 p.m. in the 4th Floor Conference
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What is retirement and deferred compensation?
Retirement and deferred compensation are financial arrangements where a portion of an employee's income is set aside for future use after retirement.
Who is required to file retirement and deferred compensation?
Employees who participate in retirement and deferred compensation plans are required to file.
How to fill out retirement and deferred compensation?
Employees need to fill out the necessary forms provided by their employer or retirement plan administrator.
What is the purpose of retirement and deferred compensation?
The purpose is to help employees save for retirement and provide them with income after they stop working.
What information must be reported on retirement and deferred compensation?
Information such as contributions made, investment options chosen, and any withdrawals or distributions taken must be reported.
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