A payroll authorization is used when the employee wishes to authorize their agency payroll office to take details of the employee’s deferrals to the compensation plan. The employee indicates the new contribution plan that he/she wishes to commence. When filling out this form, the employee is advised to fill in the account application if they are opening an investment account and if it’s a joint account, the date of birth of the partner should be included. Below is a sample payroll authorization form
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Sample Payroll Authorization Form
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