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Washington County
Deferred
Compensation Unamended and Restated
Effective January 1, 2019TABLE OF CONTENTSARTICLE 1 INTRODUCTION .....................................................................................................4
ARTICLE
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2 alternate payee is a designation used for a secondary individual or organization that is entitled to receive payments from a retirement plan or similar benefit plan.
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The primary account holder or plan participant is required to designate and file for 2 alternate payee.
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The purpose of 2 alternate payee is to ensure that a designated secondary individual or organization receives payments from a retirement or benefit plan in case the primary account holder is unable to.
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The information that must be reported on 2 alternate payee includes the full name, contact information, relationship to the primary account holder, and any other relevant details as required by the plan administrator.
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