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Salary Deferral Agreement Governmental 457(b) Plan State of Alabama Deferred Compensation Plan 98954-01 Participant Information Last Name First Name MI Social Security Number Address Number & Street
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What is salary deferral form?
A salary deferral form is a document used by employees to elect to defer a portion of their salary or wages to a later date, typically for retirement purposes.
Who is required to file salary deferral form?
Employees who wish to defer a portion of their salary or wages must file a salary deferral form.
How to fill out salary deferral form?
To fill out a salary deferral form, employees need to provide their personal information, specify the amount or percentage of salary to be deferred, choose an investment option if applicable, and sign the form.
What is the purpose of salary deferral form?
The purpose of a salary deferral form is to allow employees to defer a portion of their salary or wages, often for retirement savings purposes, which can provide tax advantages and long-term financial planning benefits.
What information must be reported on salary deferral form?
The information reported on a salary deferral form typically includes the employee's personal details, the amount or percentage of salary to be deferred, the selected investment option if applicable, and the employee's signature.
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