Form 2614 Michigan Education Trust Payroll Deduction Authorization - Michigan

What Is Form 2614?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 2614 Michigan Education Trust Payroll Deduction Authorization?
A: Form 2614 is an authorization form in Michigan that allows employers to deduct money from an employee's paycheck to be used for contributions to the Michigan Education Trust (MET).

Q: What is the Michigan Education Trust (MET)?
A: The Michigan Education Trust (MET) is a state-sponsored college savings program that enables families to save for future college expenses.

Q: Who can use Form 2614?
A: Form 2614 can be used by any employee in Michigan who wishes to participate in the payroll deduction program for the Michigan Education Trust (MET).

Q: What information is required on Form 2614?
A: Form 2614 requires the employee's name, address, social security number, and the amount to be deducted from each paycheck.

Q: How does the payroll deduction program work?
A: Once the employee submits Form 2614 to their employer, the specified amount will be deducted from each paycheck and deposited into the employee's account with the Michigan Education Trust (MET).

Q: Can an employee change or cancel their payroll deduction?
A: Yes, employees can change or cancel their payroll deduction by submitting a new Form 2614 to their employer.

Q: Is there a deadline to submit Form 2614?
A: There is no specific deadline mentioned for submitting Form 2614, but it is recommended to do so as early as possible to start the payroll deduction.

Q: Are there any fees associated with participating in the Michigan Education Trust (MET) payroll deduction program?
A: There are no fees associated with participating in the Michigan Education Trust (MET) payroll deduction program.