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Any amounts contributed to the 403 b Roth Plan and earnings thereon shall be held in IRC 402A Roth accounts. TORRANCE UNIFIED SCHOOL DISTRICT SRA SALARY REDUCTION AGREEMENT 403 b TSA Plan This Agreement must be signed by the Employee and received by the Plan Administrator. Any amounts held under the 403 b TSA Plan shall be subject to the terms of the Plan Documents and amounts held in either the 457 b Plan or 403 b TSA and Roth Plan for Employee shall be subject to federal and state statutes...
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How to fill out sra salary reduction agreement

01
Read the SRA salary reduction agreement form carefully.
02
Provide your personal information such as name, address, and contact details.
03
Fill out the section that specifies the effective date of the salary reduction.
04
Indicate the percentage or amount by which your salary will be reduced.
05
Include any additional terms or conditions that both parties agree upon.
06
Sign the agreement and date it.
07
Submit the completed SRA salary reduction agreement to your employer or HR department.

Who needs sra salary reduction agreement?

01
Employees who are facing financial difficulties and want to voluntarily reduce their salary.
02
Employers who need to implement cost-saving measures and have the consent of their employees.
03
Both employees and employers who want to ensure a written agreement regarding salary reduction.
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A salary reduction agreement (SRA) is a contract between an employer and an employee where the employee agrees to reduce their salary for a specific purpose, such as contributing to a retirement plan.
Employees who agree to participate in a salary reduction agreement are required to file the agreement with their employer.
To fill out a salary reduction agreement, the employee must provide their personal information, the amount they wish to reduce their salary by, and the purpose of the reduction.
The purpose of a salary reduction agreement is to allow employees to save for retirement or other financial goals by reducing their taxable income.
The SRA must include the employee's name, social security number, the amount of salary reduction, and the purpose of the reduction.
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