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457B DEFERRED COMPENSATION ADD / CHANGE FORM Attention Human Resources Department:TANCRED 457(b) Deferred Compensation payroll deduction offered by the Town As an employee of the Town of Middletown,
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How to fill out defferred compensation change form

01
Obtain a copy of the deferred compensation change form from your employer.
02
Review the form instructions and gather any necessary supporting documentation.
03
Fill out your personal information, such as your name, employee identification number, and contact information.
04
Indicate the effective date of the change you are requesting.
05
Specify the type of change you want to make, whether it is an increase, decrease, or termination of your deferred compensation contributions.
06
Provide any additional information or details required, such as the new contribution percentages or investment options, if applicable.
07
Sign and date the form.
08
Submit the completed form to the designated department or individual at your employer.
09
Keep a copy of the filled-out form for your records.

Who needs defferred compensation change form?

01
Any employee who currently participates in a deferred compensation plan and wants to make a change to their contribution amount or options.
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A deferred compensation change form is a document used by employees to make adjustments to their employer-sponsored deferred compensation plans, which allow them to set aside a portion of their income to be paid out at a later date.
Employees participating in a deferred compensation plan who wish to make changes to their contribution amounts or investment options are required to file this form.
To fill out the deferred compensation change form, an employee should provide their personal information, specify the changes they wish to make, and sign the form to confirm the changes. It's advisable to follow any specific instructions provided by the employer.
The purpose of the deferred compensation change form is to allow employees to formally request changes to their deferred compensation contributions or allocations, ensuring that their retirement savings align with their current financial goals.
The form typically requires personal identifying information, current contribution amounts, desired changes to contributions, and signatures from the employee and possibly a witness or supervisor.
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