Form r0940c 2014-2026

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4.2 out of 5

36 votes

The document outlines the retirement plan options available to new public school employees in Michigan who began work on or after September 4, 2012. Employees can choose between a Defined Contribution (DC) plan and a Pension Plus plan within 75 calendar days of their first payroll date. The DC plan offers a tax-deferred investment account with employer matching contributions, while the Pension Plus plan combines a pension component with a savings component. Employees are automatically enrolled in the Pension Plus plan unless they opt for the DC plan within the specified timeframe. Additionally, all employees are enrolled in a Personal Healthcare Fund to assist with healthcare expenses in retirement.

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Click ‘Get Form’ to open it in the editor.
In Section I, enter your personal information. Fill in your name, last four digits of your SSN, mailing address, and contact details accurately.
Proceed to Section II for Retirement Plan Selection. Carefully read the options for Defined Contribution and Pension Plus plans before making your choice.
Select either 'Defined Contribution' or 'Pension Plus' by checking the appropriate box. Ensure you understand the implications of your choice as it is irrevocable.
In Section III, sign and date the form to confirm your election based on your understanding of the plans.
Finally, submit the completed form to your employer within 75 calendar days from your first payroll date to ensure compliance with deadlines.

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Versions	Form popularity	Fillable & printable
2015	4.9 Satisfied (241 Votes)
2014	4.2 Satisfied (36 Votes)

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