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Greenfield Retirement SystemActuarial Valuation Report January 1, 2017PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION COMMONWEALTH OF MASSACHUSETTSTABLE OF CONTENTS SectionPage1. Introduction
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Greenfield retirement system is a retirement plan that allows employees to contribute a portion of their salary to a retirement account, typically with employer matching contributions.
Employers who offer a greenfield retirement system to their employees are required to file the necessary paperwork.
Greenfield retirement system paperwork can typically be filled out online through the retirement plan provider or through paper forms provided by the employer.
The purpose of a greenfield retirement system is to help employees save for retirement and provide them with a source of income in their later years.
Information such as employee contributions, employer matching contributions, investment options, and account balances must be reported on a greenfield retirement system.
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