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April 7, 2020Michigan Department of Treasury Municipal Stability Board Re: Corrective Action Plan: MERS Defined Benefit Retirement System Dear Members of the Municipal Stability Board:Enclosed please
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Form 5598 is a specific form used by local governments to protect their assets and provide certain information to the IRS regarding retirement plans.
Local government entities that maintain a retirement plan must file Form 5598 to report certain information related to that plan.
To fill out Form 5598, local governments must provide details such as plan information, contributions, and other pertinent data related to their retirement plans.
The purpose of Form 5598 is to ensure that local governments report accurate information regarding their retirement plans and comply with federal regulations.
Form 5598 requires reporting of information such as plan type, contributions made, plan representatives, and any changes to plan structure.
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