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PUBLIC SCHOOL RETIREMENT SYSTEM OF THE CITY OF ST. LOUIS 3641 OLIVE STREET, SUITE 300 ST. LOUIS, MO 63108-3601 TELEPHONE: (314) 534-7444 Pension Deduction Authorization Form INSTRUCTIONS: Except for

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How to fill out pension deduction authorization form

How to fill out pension deduction authorization form:

01

Obtain the form: Start by obtaining the pension deduction authorization form from your employer or the relevant pension authority. This form may also be available online for download.

02

Personal information: Fill in your personal information accurately. This includes your full name, address, social security number, and contact information. Double-check for any spelling mistakes or errors.

03

Employer details: Provide the details of your employer, including the company name, address, and contact information. If you have multiple employers or pension plans, fill out a separate form for each.

04

Pension plan details: Enter the name of the pension plan or retirement account that you wish to contribute to through payroll deductions. Include any identifying numbers or codes provided by the plan administrator.

05

Deduction amount: Indicate the amount you want to contribute to your pension plan from each paycheck. This can be a fixed dollar amount or a percentage of your salary. Ensure that the deduction amount is within the limits allowed by the pension plan or regulatory guidelines.

06

Duration of deduction: Specify the start and end dates for the payroll deductions, if applicable. If you want the deductions to continue indefinitely until you provide further instructions, leave this section blank.

07

Signature and date: Sign and date the form to confirm that the information provided is accurate to the best of your knowledge. Read any accompanying instructions or disclosures carefully before signing.

08

Submit the form: Submit the completed form to your employer or the designated pension authority according to their instructions. Ensure that you keep a copy of the form for your records.

Who needs pension deduction authorization form?

01

Employees participating in a workplace pension plan: If your employer offers a pension plan or retirement savings option, you will likely need to fill out a pension deduction authorization form to enroll in the plan or make changes to your contributions.

02

Self-employed individuals with pension plans: If you are self-employed and have established a personal pension plan, you may need to complete a pension deduction authorization form to set up automatic contributions from your income.

03

Individuals with multiple employers or pension plans: If you work for multiple employers or have multiple pension plans, each requiring separate deductions from your pay, you will need to fill out a separate pension deduction authorization form for each employer or pension plan. This ensures accurate allocation of your contributions.

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