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Tftea drawback Form: What You Should Know

A salary reduction agreement is a legal document between a company and employee outlining the transferring of salary to a 401(k), 403(b), or IRA. Salary Reduction Agreement — National Benefit Services Salary Reduction Award Letter The Employee's salary shall be reduced by the amount shown below and the salary Such amount shall be contributed to the Retirement Choice Contract. 403(b) Salary Reduction Agreement — National Benefit Services The Salary Reduction Agreement (SRA) is utilized to establish, change, or cancel salary reductions deposited in your account and contributed to 401(k), 403(b), or IRA. Salary Reduction Agreement — National Benefit Services Salary Reduction Award Summary The Salary Reduction Agreement Award Summary is the summary of the salary reduction award that was negotiated at the time the Salary Reductions Agreement was adopted. The Salary Reduction Agreement Award Summary shall be provided in writing to all applicable eligible employees who elect and who are covered under an offer of a salary reduction. If you do change the method of salary reduction, you will receive: · the updated offer letter with the new method of salary reduction. · the written explanation for the change. If you do not make a salary reduction, the Salary Reduction Agreement Award Summary will be provided to you at the time you make your next pay determination (with a new notice if your current notice is less than 60-days old). There are two types of information and advice that the Human Resources Department offers as a courtesy to you as employees: · A comprehensive set of Salary Reduction Decision Statements. · Your free 401(k) and 403(b) account selection information. Please click on the links below for a complete overview of the Salary Reduction Agreement, and your employer's 401(k), 403(b), or IRA. Salary Reduction Agreement Overview 401(k) Salary Reduction Agreement Overview 403(b) Salary Reduction Agreement Overview SRA Tax Statement If you are a covered or eligible employee who elects to participate in a 401(k), 403(b), or traditional IRA, you will continue to be required to file and maintain a tax return. Please click on the links below for more information about the filing and maintenance requirements. To File a Return : You must file a Form 1099-R with the IRS prior to your retirement date to show the full extent of the cost of your contributions.

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