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MONTANA PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION STATE OF MONTANA 457 DEFERRED COMPENSATION PLAN 98469-01 SALARY DEFERRAL AGREEMENT 2015 Employee Last Name First Name, MI Social Security Number *
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How to fill out salary deferral agreement form
How to fill out a salary deferral agreement form:
01
Start by obtaining a copy of the salary deferral agreement form from your employer or human resources department.
02
Read through the form carefully to understand the terms and conditions of the deferral agreement. Pay attention to the deferral period, the percentage of salary to be deferred, and any other relevant details.
03
Fill in your personal information accurately and completely in the designated sections of the form. This may include your full name, employee identification number, and contact information.
04
Specify the deferral period, which is the length of time during which a portion of your salary will be deferred. This may be a specific period, such as a year or several years, or it can be until a certain event like retirement.
05
Indicate the percentage of your salary that you would like to defer. This is the amount that will be withheld from your regular pay and set aside for future use or investment.
06
Consider any additional options or provisions offered in the agreement, such as the ability to make changes to your deferral amount or the option to receive matching contributions from your employer.
07
Review the completed form to ensure all the information provided is accurate and complete. It's essential to double-check your details before submitting the form to avoid any errors or delays.
Who needs a salary deferral agreement form:
01
Employees who want to save for future financial goals or retirement but prefer to defer a portion of their salary instead of receiving it immediately.
02
Employers who offer a deferred compensation plan or retirement savings program that includes a salary deferral option.
03
Individuals who wish to take advantage of potential tax benefits associated with deferred compensation plans and want to adjust their present income for future financial security.
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