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Municipal Employees Retirement System of Michigan 800.767.MERS (6377) www.mersofmich.com457 Loan Application MERS 457 Supplemental Retirement Program Frequently Asked Questions Am I eligible to request
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01
Gather all the required information and documents, such as your personal identification details, employment details, and financial information.
02
Download the MERS-457 Supplemental Retirement Program form from the official website or obtain a physical copy from the concerned authority.
03
Carefully read the instructions provided in the form to understand the requirements and guidelines for filling it out.
04
Begin filling out the form by entering your personal information, including your name, address, date of birth, social security number, and contact details.
05
Provide accurate details about your current employment, such as your job title, employer's name, and contact information.
06
Specify the contribution amount you wish to make to the MERS-457 plan and indicate whether you want to make regular payroll deductions or lump sum contributions.
07
If applicable, provide information about any previous participation in other retirement programs or plans.
08
Take your time to review the filled-out form for any errors or missing information.
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Sign and date the form, certifying that the information provided is true and accurate.
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Submit the completed form as instructed, either through online submission or by mailing it to the designated address.
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Who needs mers-457-supplemental-retirement-program?

01
The MERS-457 Supplemental Retirement Program is designed for individuals who are eligible for participation in a 457 retirement plan.
02
These individuals may include public employees, such as government workers, teachers, firefighters, police officers, and other public servants.
03
Moreover, employees who are looking for additional retirement savings options beyond their traditional pension or employer-sponsored retirement plans may also benefit from the MERS-457 program.
04
It is advisable to consult with a financial advisor or human resources representative to determine if the MERS-457 Supplemental Retirement Program is suitable for an individual's specific financial goals and retirement planning needs.
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The MERS-457 Supplemental Retirement Program is a defined contribution retirement savings plan designed to help employees save for retirement on a tax-deferred basis.
Employees who participate in the MERS-457 Supplemental Retirement Program and wish to contribute to or make withdrawals from their account are required to file the appropriate forms.
To fill out the MERS-457 Supplemental Retirement Program form, participants need to provide personal information, contribution amounts, and select investment options as outlined in the program guidelines.
The purpose of the MERS-457 Supplemental Retirement Program is to provide employees with additional savings opportunities for retirement, helping them build a financial cushion beyond traditional pension plans.
Participants must report their personal identification details, contribution amounts, distribution requests, and any investment changes on the MERS-457 Supplemental Retirement Program form.
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