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-3- <br /> <br />B. General Duties and Responsibilities of Employer. (continued) <br /> <br />Adjust Deferred Compensation Plan participants annual Form W-2, 'Wage <br />and Tax Statement' to reflect only taxable income. Deferred <br />Compensation is not taxable income. <br /> <br />6. Include the employer's Minnesota Tax Identification Number in.all <br /> correspondence. <br /> <br />74 <br /> <br />In all matters, comply with the terms, conditions and provisions of the <br />Minnesota Public Employees' Deferred Compensation Plan established in <br />accordance with Minnesota Statutes 352.96 and Internal Revenue Service <br />Code 457. <br /> <br />Responsibililty of the Minnesota'State Retirement System in Administration <br />of Deferred Compensation Plan. <br /> <br />1. Submit funds for investment, as provided in Minnesota Statutes Section <br /> 352.96, as soon as possible after receipt of properly completed deposit. <br /> <br />Provide payout of participant's investment upon the date specified by <br />the participant in accordance with Section 5 of the Deferred <br />Compensation Plan rules. <br /> <br />3. Provide participants annually with a statement of their account. <br /> <br />4. Annually prepare brochures and applications for distribution to <br /> employees. <br /> <br />In all matters, comply with the terms, conditions and provisions of the <br />Minnesota Public ~nployees' Deferred Compensation Plan established in <br />accordance with Minnesota Statutes 352.96 and Internal Revenue Service <br />Code 457. <br /> <br /> <br />