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457 Retirement Savings Plan211 East Main Street, Suite 100, Lakeland, FL 33801 866.873.4240 / (FAX) 863.688.4466 www.midamerica.bizQuestions? Call our Service Center at 1 8668734240Salary Reduction
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Who needs special pay deferral program?

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Individuals who have been notified or are aware of a special pay deferral program implemented by their organization or government agency.
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Employees who want to defer a portion of their pay for specific purposes or financial planning.
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Individuals who meet the eligibility criteria and requirements specified for the special pay deferral program.
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Those who are seeking financial flexibility or temporary relief by deferring a portion of their pay.
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Special pay deferral program is a program where a portion of an individual's pay is deferred to a later date.
Employers are required to file special pay deferral program for eligible employees.
Special pay deferral program can be filled out by following the instructions provided by the employer or payroll department.
The purpose of special pay deferral program is to allow individuals to defer a portion of their pay to a later date for various reasons such as tax purposes or financial planning.
Information such as employee details, deferral amount, deferral period, and reason for deferral must be reported on special pay deferral program.
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