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This document outlines the procedures, eligibility, and requirements for applying for a hardship withdrawal from the Multnomah County Deferred Compensation Plan in cases of unforeseen emergencies
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How to fill out MULTNOMAH COUNTY EMPLOYEES DEFERRED COMPENSATION PLAN

01
Obtain the MULTNOMAH COUNTY EMPLOYEES DEFERRED COMPENSATION PLAN enrollment form from the human resources department or online.
02
Fill out your personal information, including your name, employee ID, and contact details.
03
Choose the type of investment options you wish to select from the provided list.
04
Specify the percentage or amount of your salary you want to defer into the plan.
05
Review the plan rules and contribution limits to ensure compliance.
06
Sign and date the enrollment form to authorize the deferral.
07
Submit the completed form to the designated department or electronic portal.

Who needs MULTNOMAH COUNTY EMPLOYEES DEFERRED COMPENSATION PLAN?

01
Employees of Multnomah County looking to save for retirement.
02
Individuals planning for tax-deferred savings to enhance their financial security.
03
County employees seeking to benefit from matching contributions or investment opportunities.
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The Multnomah County Employees Deferred Compensation Plan is a retirement savings plan that allows employees to defer a portion of their salary into an investment account, which helps them save for retirement on a tax-deferred basis.
Employees of Multnomah County who participate in the deferred compensation program are required to file the plan, typically those who opt to defer a portion of their salary.
To fill out the Multnomah County Employees Deferred Compensation Plan, employees must complete the enrollment forms provided by the plan administrator, specifying how much they wish to defer and selecting their investment options.
The purpose of the Multnomah County Employees Deferred Compensation Plan is to provide employees with an opportunity to save for retirement while enjoying potential tax benefits, promoting financial security in their later years.
Information that must be reported on the Multnomah County Employees Deferred Compensation Plan includes the amount deferred, investment selections, contribution limits, and any changes to the employee's participation status.
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