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Boise State University Human Resource ServicesAGREEMENT FOR SALARY REDUCTION UNDER SECTION 403(b) BY THIS AGREEMENT, made between (Employee) and Boise State University, the parties hereto agree as
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How to fill out agreement for salary reduction

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Step 1: Start by opening the agreement document for salary reduction.
02
Step 2: Review the agreement carefully and understand the terms and conditions.
03
Step 3: Fill in your personal information such as your name, employee ID, and contact details.
04
Step 4: Specify the effective date of the salary reduction and the duration if applicable.
05
Step 5: Clearly state the reason for the salary reduction and any additional terms you'd like to include.
06
Step 6: Ensure both parties involved in the agreement sign and date the document.
07
Step 7: Make copies of the signed agreement for all parties involved.
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Step 8: Keep the original agreement in a safe place for future reference.

Who needs agreement for salary reduction?

01
Employees who are experiencing financial difficulties and want to voluntarily reduce their salary.
02
Employers who need to implement a salary reduction for their employees due to business reasons such as financial constraints.
03
Individuals who are negotiating a new employment contract that includes a salary reduction clause.
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An agreement for salary reduction is a document signed by an employee and employer agreeing to a decrease in the employee's salary.
Both the employee and employer are required to file the agreement for salary reduction.
The agreement for salary reduction should be filled out by both the employee and employer, specifying the new reduced salary and the effective date.
The purpose of the agreement for salary reduction is to formalize and document the mutual agreement between the employee and employer regarding the salary decrease.
The agreement for salary reduction must include the names of the employee and employer, the original salary amount, the new reduced salary amount, and the effective date of the salary reduction.
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Relevant keywords

1910 irc allowable hereto biweekly limitation annuity irrevocable pre premiums supplemental specified boise statutory modify withhold subsequently exceed subsequent vendor resource deduction reduction

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