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See www.uwsa.edu/ohrwd/benefits/ret/tsa/ for information about the TSA program University of Wisconsin SALARY REDUCTION AGREEMENT 403(b) Tax-Sheltered Annuity (TSA) Program Wis. Stats. 36.11(15) Effective
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What is salary reduction agreement?
A salary reduction agreement is a legal document between an employer and an employee that outlines a voluntary reduction in the employee's salary.
Who is required to file salary reduction agreement?
Both the employer and the employee are required to file a salary reduction agreement. It is a mutual agreement that requires consent from both parties.
How to fill out salary reduction agreement?
To fill out a salary reduction agreement, both the employer and the employee must provide their personal information, such as their names, addresses, and contact details. They also need to specify the percentage or amount of the salary reduction and the effective date of the agreement.
What is the purpose of salary reduction agreement?
The purpose of a salary reduction agreement is typically to address financial challenges faced by the company or the employee. It allows for temporary or permanent reduction in the employee's salary to alleviate financial burdens.
What information must be reported on salary reduction agreement?
A salary reduction agreement typically includes the names and contact information of the employer and employee, the effective date of the agreement, the percentage or amount of salary reduction, and any applicable conditions or terms.
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