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STATE OF NEW YORK DEPARTMENT OF CIVIL SERVICE THE STATE CAMPUS ALBANY, NEW YORK 12239 EMPLOYEE BENEFITS DIVISION STATEMENT OF DEPENDENCE FOR PARTICIPATION IN THE HEALTH INSURANCE PROGRAM PS-457 (11/01L)
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The PS 457 statement is an official document used for reporting and disclosing relevant information regarding deferred compensation plans for eligible employees.
Employers who offer deferred compensation plans to their employees are required to file the PS 457 statement.
To fill out the PS 457 statement, employers need to provide accurate and detailed information regarding their deferred compensation plans, including employee contributions, employer contributions, and investment earnings.
The purpose of the PS 457 statement is to ensure transparency and accountability in deferred compensation plans, allowing employees and stakeholders to understand the financial aspect of these plans.
The PS 457 statement requires the reporting of various information, including the name of the employer, plan details, employee contributions, employer contributions, investment earnings, and any distributions made.
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