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Salary decrease letter to employee format

Salary reduction letter 2026

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The document is a Salary Reduction Agreement for employees participating in the CUNY Tax-Deferred Annuity Program. It outlines the terms under which an employee can elect to reduce their salary by a specified percentage to contribute to a tax-deferred annuity, including conditions for validity, termination, and maximum contribution limits. The agreement is legally binding and requires prior written notice for termination.

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Click ‘Get Form’ to open the Salary Reduction Agreement in the editor.
Begin by entering your name and address in the designated fields at the top of the form.
Fill in your current salary and specify your 2009 Salary Reduction Maximum goal amount in dollars.
Indicate your college affiliation and date of hire in the respective sections.
In the '2009 Salary Deferral Election' section, enter your desired salary reduction percentage. Ensure this is a whole number and does not exceed the maximum allowed percentage.
Review all entered information for accuracy before proceeding to sign. The signature field requires both your signature and that of an authorized CUNY representative.
Finally, save or export your completed document directly from our platform for easy distribution.

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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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