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Voluntary 12Pay Option Termination Form hereby elect to terminate my participation in the 12Pay Option beginning with the 20202021 contract year. I understand that if I am assigned to a traditional
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How to fill out voluntary 12-pay option termination

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How to fill out voluntary 12-pay option termination

01
Obtain the voluntary 12-pay option termination form from your employer or benefits provider.
02
Fill out the form with your personal information, including your name, employee ID, and contact information.
03
Indicate your reason for terminating the voluntary 12-pay option, such as a change in financial circumstances or coverage needs.
04
Sign and date the form to certify the accuracy of the information provided.
05
Submit the completed form to your employer or benefits provider for processing.

Who needs voluntary 12-pay option termination?

01
Employees who no longer wish to participate in the voluntary 12-pay option.
02
Individuals experiencing financial hardships and need to adjust their benefit contributions.
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Voluntary 12-pay option termination is when an individual chooses to end their 12-payment plan before completing all payments.
Anyone who has opted for the 12-payment plan and wishes to terminate it before completing all payments is required to file voluntary 12-pay option termination.
To fill out voluntary 12-pay option termination, an individual must submit a written request to the appropriate department or agency.
The purpose of voluntary 12-pay option termination is to allow individuals to end their 12-payment plan early if they no longer wish to continue with the payments.
The individual's name, account number, reason for termination, and any other relevant details must be reported on voluntary 12-pay option termination.
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