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2021 Salary Reduction Agreement. Tag Job Flow Hi-Res PDF-2025

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51 votes

The document is a 2021 Salary Reduction Agreement for employees participating in the CUNY-sponsored 403(b) Plan. It outlines the terms under which an employee can reduce their salary to contribute to the plan, specifying contribution limits based on age and detailing the process for designating pretax or post-tax contributions. The agreement is legally binding and can be modified or terminated with prior notice.

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Versions	Form popularity	Fillable & printable
2022	4.8 Satisfied (89 Votes)
2021	4.6 Satisfied (51 Votes)
2009	4 Satisfied (48 Votes)

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What is a salary reduction agreement?

The Salary Reduction Agreement (SRA) is to be used to establish, change, or cancel salary reductions withheld from your paycheck and contributed to the 403(b) and/or 457(b) Plan on your behalf. The SRA is also used to change the investment providers that receive your contributions.

What is a deduction agreement?

Wage deduction authorization is a written agreement or consent by an employee, allowing their employer to deduct certain amounts from their paycheck for specific purposes.

What is a salary deduction agreement?

A wage deduction authorization agreement is an agreement between an employer and their employee where the employee authorizes the employer to deduct wages from their paycheck.

What does deduction mean salary?

Payroll deductions are wages withheld from an employees total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance.

What is salary deduction plan?

A payroll deduction plan withholds money from an employees paycheck to pay for taxes or certain benefits and services. Voluntary payroll deductions are commonly used to pay for union dues, health and life insurance premiums, or to fund retirement savings.