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STATE EMPLOYEES DEFERRED COMPENSATION PLAN DIRECT ROLLOVER INTO ILLINOIS PLAN FORM Type or print clearly in ink. Initial any corrections, additions, deletions or changes in pen. For more information,

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How to fill out state employees deferred compensation

01

Step 1: Obtain the necessary forms and documents required for filling out the state employees deferred compensation.

02

Step 2: Fill out personal information such as your name, address, social security number, and employee identification number (if applicable).

03

Step 3: Provide details about your employment, including your position, department, and the name of your employer.

04

Step 4: Determine the amount of money you want to contribute to your deferred compensation account. This can be a fixed dollar amount or a percentage of your salary.

05

Step 5: Select the investment options for your deferred compensation account. These options may include stocks, bonds, mutual funds, or other investment vehicles.

06

Step 6: Review and double-check all the information you have provided in the form to ensure accuracy and completeness.

07

Step 7: Sign and date the form, following any additional instructions provided by your employer or the state employees deferred compensation program.

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Step 8: Submit the filled-out form to the appropriate department or individuals responsible for processing state employees deferred compensation applications.

Who needs state employees deferred compensation?

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State employees who are looking for a tax-advantaged retirement savings option may benefit from state employees deferred compensation.

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Those who want to supplement their pension or other retirement savings may find state employees deferred compensation useful.

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Individuals who want to take advantage of pre-tax contributions and potential investment growth over time may consider state employees deferred compensation.

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State employees who are eligible for participation in the program and are interested in long-term financial planning may find value in state employees deferred compensation.

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What is state employees deferred compensation?

State employees deferred compensation is a retirement savings plan offered to state employees to defer a portion of their salary until retirement.

Who is required to file state employees deferred compensation?

State employees who wish to participate in the deferred compensation plan are required to file and enroll in the program.

How to fill out state employees deferred compensation?

Employees can fill out the deferred compensation forms provided by their state employer and choose the amount they wish to defer from their salary.

What is the purpose of state employees deferred compensation?

The purpose of state employees deferred compensation is to provide a retirement savings option for employees to save for their future.

What information must be reported on state employees deferred compensation?

Employees must report the amount they wish to defer from their salary, investment choices, and beneficiary information on the deferred compensation forms.

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