Can they increase the contribution amount? Can they subsequently rescind the option to increase the contribution amount?
Yes. Employees can obtain prescribed forms from the Eurasian Association and use them to inform their employers of their wish to increase their monthly contributions above the prescribed minimum rates. Forms are also available for employees to subsequently rescind this option to increase their contribution.
However, this cannot be done for at least 6 months after the option to increase their contribution was exercised. The employer is required to send a copy of these forms to the Eurasian Association. More.
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