State Employee Request for Payroll Deduction - Vermont Higher Education Investment Plan - Vermont

State Higher Education Investment Plan is a legal document that was released by the Vermont Department of Human Resources - a government authority operating within Vermont.

FAQ

Q: What is the State Employee Request for Payroll Deduction?A: The State Employee Request for Payroll Deduction is a form that allows Vermont state employees to request voluntary payroll deduction for the Vermont Higher Education Investment Plan.

Q: What is the Vermont Higher Education Investment Plan?A: The Vermont Higher Education Investment Plan is a tax-advantaged college savings plan designed to help individuals save for future higher education expenses.

Q: Who is eligible to participate in the Vermont Higher Education Investment Plan?A: Anyone can open an account for the Vermont Higher Education Investment Plan, there are no residency requirements.

Q: Why would a state employee want to use payroll deduction for the Vermont Higher Education Investment Plan?A: Using payroll deduction makes it easy for state employees to contribute to the Vermont Higher Education Investment Plan on a regular basis, helping to build their college savings over time.

Q: How does the payroll deduction process work?A: State employees complete the State Employee Request for Payroll Deduction form and submit it to their payroll office. The designated amount will then be deducted from their paycheck and deposited into their Vermont Higher Education Investment Plan account.