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This Document Sets Forth the Provisions of the Hartwick College Phased Retirement Option for Tenured Form

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This Document Sets Forth the Provisions of the Hartwick College Phased Retirement Option for Tenured Form

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how pre-tax contributions affect your paycheck are you thinking about making pre-tax contributions to your employer's retirement Savings Plan such as a 403 b or 457b if so that's good news participating in your employer sponsored plan is a convenient way to save for retirement and supplement your pension down the road but if you're like many people you may be worried about taking home less money each pay period well here's some good news contributing to your plan reduces your take-home pay by less than what you might think that's because your contributions are deducted from your pay before taxes are calculated so the amount of tax you pay is actually lower than if you don't make any contributions at all let's take a closer look at a simplified example let's say you earn two thousand dollars in gross pay each pay period and your federal tax rate is 22 percent if you make no retirement plan contributions your taxable income

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This Document Sets Forth the Provisions of the Hartwick College Phased Retirement Option for Tenured Form

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Quick guide on how to complete this document sets forth the provisions of the hartwick college phased retirement option for tenured

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How to create an eSignature for the this document sets forth the provisions of the hartwick college phased retirement option for tenured

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