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This document serves as a guide for participants of the Commonwealth of Virginia's 457 Deferred Compensation Plan to apply for make-up contributions due to periods of uniformed service leave. It outlines
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How to fill out commonwealth of virginia 457
How to fill out Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up
01
Obtain the Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up form from the relevant state website or HR department.
02
Read the instructions carefully to understand the eligibility requirements for filling out the application.
03
Fill in your personal information in the designated sections, including your name, contact details, and social security number.
04
Provide information about your military service, including dates of service and the nature of the leave.
05
Calculate the eligible amount for deferred compensation based on your service duration and fill in the corresponding section.
06
Attach any required documentation supporting your military leave and compensation claim.
07
Review the completed application for accuracy and sign where indicated.
08
Submit the completed application and attachments to the designated HR department or benefits coordinator.
Who needs Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
01
Active uniformed service members seeking to make up for deferred compensation during their service leave.
02
Employees of the Commonwealth of Virginia who have taken a leave of absence for military duty and want to resume contributions to their retirement plan.
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What is the Virginia 457 deferred compensation plan?
The Commonwealth of Virginia 457 Deferred Compensation Plan can help you realize your retirement goals. The Plan, available through your employer, allows you to save for retirement on a tax-deferred basis through convenient payroll deductions. Read more to learn how you can benefit by saving with the Plan.
What is the Commonwealth of Virginia 457 deferred compensation plan?
COV 457 Deferred Compensation Plan A supplemental plan, available through participating employers, that allows you to save for retirement on a before-tax or after-tax basis through convenient payroll deductions.
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What is Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
The Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up is a form that allows employees who have taken military leave to make contributions to their retirement savings to compensate for the leave period.
Who is required to file Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
Employees of the Commonwealth of Virginia who have taken a leave of absence for uniformed services and wish to make up contributions missed during their service are required to file this application.
How to fill out Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
To fill out the application, employees should provide their personal information, specify the period of military leave, indicate the amount they wish to contribute, and sign the form to authorize the make-up contributions.
What is the purpose of Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
The purpose of the application is to allow eligible employees to restore their retirement savings that may have been impacted by their military service, ensuring they can continue to build their retirement fund.
What information must be reported on Commonwealth of Virginia 457 Deferred Compensation Plan Application for Uniformed Service Leave Make-Up?
The application must report the employee's name, employee ID, dates of uniformed service leave, amount of contributions to be made up, and any other required identifying information or documentation as specified by the plan.
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