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Salary Reduction Agreement Form Supplemental Retirement Plan Human Resources Department 600 South 43rd Street Philadelphia, PA 19104 AFTER COMPLETING FORM: PRINT OUT SIGN AND RETURN TO HUMAN RESOURCES

How to fill out salary reduction agreement form

How to fill out a salary reduction agreement form:

1. Begin by entering your personal information, including your name, address, and contact information.
2. Provide your employer's details, such as the company name, address, and contact information.
3. Specify the effective date of the salary reduction agreement, indicating when the changes will come into effect.
4. Clearly state the reason for the salary reduction, whether it is due to economic circumstances, a temporary arrangement, or any other appropriate explanation.
5. Outline the details of the salary reduction, including the percentage or amount by which your salary will be reduced and any other relevant terms or conditions.
6. Review the terms of the agreement, ensuring that you understand and agree to all the provisions.
7. Sign and date the form, indicating your consent to the salary reduction agreement.
8. Submit the completed form to your employer, following any additional instructions provided by your company.

Who needs a salary reduction agreement form:

1. Employees who have agreed to a salary reduction as per their employer's request.
2. Employers who need to document the agreement reached with their employees regarding a salary reduction.
3. Companies facing financial challenges or unforeseen circumstances that require temporary reduction in labor costs.

Note: It is important to consult with an employment lawyer or HR professional to ensure compliance with labor laws and regulations in your jurisdiction when filling out a salary reduction agreement form.

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