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Merced School Employees Federal Credit Union - Download as PDF

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					Salary Reduction Agreement

Merced School Employees Federal Credit Union Deferred Compensation Plan
          Employee Name                                                           Social Security Number


          School District                                                         Date of Birth


          Email Address                                                           Home Phone Number


          Address                                                                 MSEFCU Acct Number
              Street
                                                                                  DCA Number
                                                                                  Number of Pay Periods Per Year
              City, ST ZIP                                                              10        11        12


              Name: Arlene Watson, CFP ®, Registered Representative                 Phone: (209) 383-5035


                        I want to BEGIN or RESUME CONTRIBUTIONS                   Effective Date ____________________
                        I want to CHANGE FUTURE CONTRIBUTIONS                     Effective Date ____________________
                        Old $                   New $
                        I want to STOP CONTRIBUTIONS                              Effective Date ____________________


              I desire to contriubte   $                    per pay period to the MSEFCU 457(b) Deferred Compensation Plan.

                        I understand and agree to the following:
                           a.    this Salary Reduction Agreement is legally binding and irrevocable with respect to amounts
                                 paid or available while this agreement is in effect;
                           b.    this Salary Reduction Agreement may be terminated at any time for amounts not yet paid or
                                 available, and that a termination request is permanent and remains in effect until a new Salary
                                 Reduction Agreement is submitted; and
                           c.    this Salary Reduction Agreement may be changed with respect to amounts not yet paid or
                                 available.
                        Nothing herein shall affect the terms of employment between the Employer and myself. This
                        agreement supercedes all prior Salary Reduction Agreements and shall automatically terminate
                        if my employment is terminated.
                        I understand that I may not contribute an amount which will exceed the annual additions limitation under
                        Code Section 415 or permit excess elective deferrals under Code Section 402(g).

                        I understand that the provisions of the attached 457(b) Maximum Contribution Worksheet and other
                        enrollment information are legally binding and are incorporated herein by reference.
                        I hereby agree to reduce my eligible salary or wages each pay period by the above amount(s) for the
                        corresponding plan(s) and direct my Employer to contribute this amount on my behalf to the investment
                        options I have selected under the Deferred Compensation Plan.
          Employee Signature                                                                                Date
          x
          Approved by MSEFCU:                                                                               Date



          Approved by District:                                                   Keyed by                  Pay Check Date



          • Mail form to:           MSEFCU Attn: Arlene Watson, CFP ®, Registered Representative,
                                    Financial Network Investment Corp., 1021 Olivewood Drive, Merced CA 95348

				
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