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Boise State University – Human Resource Services
AGREEMENT FOR SALARY REDUCTION FOR
DEFERRED COMPENSATION UNDER SECTION 457(b)
BY THIS AGREEMENT, made between _________________________ (Employee) and Boise State
University, the parties hereto agree as follows:
Effective for amounts paid on pay date __________________, 20____, which date is
subsequent to the execution of this Agreement, the Employee’s salary will be reduced by the amount
indicated below.
This agreement is legally binding and irrevocable for both Boise State University and the
Employee while employment continues. However, either party may terminate or otherwise modify
this Agreement as of the end of any pay period by giving at least thirty days written notice so that
this Agreement will not apply to salary subsequently paid.
The amount of salary reduction shall be $___________per pay period (biweekly). The amount
specified above will be paid to _________________________ (retirement vendor) as premiums on
Supplemental Annuity Contract(s).
It is important that you don’t withhold more than your pre-tax maximum allowable deduction
to a supplemental retirement account in one calendar year. We recommend you contact your
retirement representative to determine that amount.
Signed this ______ day of _______________, 20____
Employee Signature
Employee ID Number
Boise State University Representative Date
Please return to: 1910 University Drive •A-218 • Boise, ID •83725-1265
Phone: 208-426-1616 • Fax: 208-426-3100
