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MERS 457 Participation Agreement 1134 Municipal Way Lansing, MI 48917 | 800.767.2308 | Fax 517.703.9707www.mersofmich. Comte Employer, a participating municipality or participating court within the
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How to fill out mers 457 deferred compensation
How to fill out mers 457 deferred compensation
01
Obtain the necessary forms from your employer or the MERS website.
02
Fill out personal information such as name, address, social security number, etc.
03
Choose your contribution amount and frequency of contributions.
04
Select your investment options based on your risk tolerance and investment goals.
05
Review and sign the completed form before submitting it to the appropriate party.
Who needs mers 457 deferred compensation?
01
Employees of state and local governments who are eligible for the MERS 457 deferred compensation plan.
02
Individuals looking to save for retirement with the option of deferring a portion of their income.
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What is mers 457 deferred compensation?
MERS 457 deferred compensation is a retirement savings plan for government employees, typically offered by municipal employers. It allows employees to set aside a portion of their salary on a pre-tax basis for retirement.
Who is required to file mers 457 deferred compensation?
Government employees who participate in the MERS 457 deferred compensation plan are required to file contributions and withdrawals related to their account.
How to fill out mers 457 deferred compensation?
To fill out MERS 457 deferred compensation, employees need to report their contributions and withdrawals accurately on the required forms provided by the plan administrator.
What is the purpose of mers 457 deferred compensation?
The purpose of MERS 457 deferred compensation is to help employees save for retirement in a tax-deferred manner, providing them with an additional source of income in their retirement years.
What information must be reported on mers 457 deferred compensation?
Information that must be reported on MERS 457 deferred compensation includes contributions made by employees, investment gains or losses, withdrawals, and any other relevant financial transactions related to the account.
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