Tax Deferred Annuity Salary Reduction Agreements for the 2007 year will be distributed to Departments by College mail today. Unless a new form is filed, your 2006 tax deferred goal amount, up to the General Limit, will continue in 2007. Should you elect to make a change to your goal amount or elect to contribute more than the General Limit, you will need to complete a new form. Forms received by November 22, 2006 will be processed for the first pay check of 2007. After November 22, 2006 forms will be processed for the appropriate pay check in 2007.
Additional information about Tax Deferred Annuity Accounts is available on the HR Home page under Benefits by employee group. If you did not receive the form, they are available in the Employee section of the MCC Home page under MCC Forms. In addition, you may contact the HR Department to request them.
Colleen Lunney
Human Resources
10/30/2006 |