Salary Reduction Agreement - Beneficiary Designation Form - Adventist Retirement Plan - Seventh-Day Adventist Church

A Salary Reduction Agreement - Beneficiary Designation Form is used for the Adventist Retirement Plan of the Seventh-Day Adventist Church. This form serves two purposes:

1. Salary Reduction Agreement: It allows employees to authorize the employer to deduct a certain amount from their salary and contribute it to the Adventist Retirement Plan.
2. Beneficiary Designation: It provides the opportunity for employees to designate their preferred beneficiaries who will receive their retirement plan benefits in case of their untimely death.

FAQ

Q: What is a Salary Reduction Agreement?A: A Salary Reduction Agreement is a document that allows an employee to authorize an employer to deduct a specific amount of money from their salary and contribute it towards a retirement plan, such as the Adventist Retirement Plan.

Q: What is a Beneficiary Designation Form?A: A Beneficiary Designation Form is a document used to specify who will receive the benefits of a retirement plan, such as the Adventist Retirement Plan, in the event of the employee's death.

Q: What is the Adventist Retirement Plan?A: The Adventist Retirement Plan is a retirement savings plan specifically designed for employees of the Seventh-Day Adventist Church. It allows employees to invest a portion of their salary towards their retirement.

Q: Who is eligible for the Adventist Retirement Plan?A: Employees of the Seventh-Day Adventist Church are typically eligible to participate in the Adventist Retirement Plan.

Q: What is the Seventh-Day Adventist Church?A: The Seventh-Day Adventist Church is a Christian denomination with a focus on the second coming of Jesus Christ. It is known for observing the Sabbath on Saturdays and following a healthful lifestyle.