These agreements are non-refundable and non-transferable. If you need any changes or questions, please contact us before downloading. By clicking on the button below, I agree with the general conditions of sale. The austerity plan is subject to certain laws relating to the maximum amount of money an employee can save each year. The main objective of the austerity plan is to help employees in their retirement period. They can withdraw the money they have invested after retirement to continue their future lives. The administrator may reduce the amount of a staff savings contribution or, if necessary, make other changes to bring the plan into conformity with the provisions of the Code. The amount chosen by a participant based on the choice of the savings contribution of a participant`s staff shall be set within the limits set out in the adoption agreement. Eligible participants who are not at the head of an electoral postponement or a staff savings contribution shall be considered as eligible participants on who whohalf such contributions are not paid. A thrift plan is a savings plan primarily used for retirement.

It is in fact a pension account credited, to some extent, by both the contributions of the worker and the employer. These are loyal accounts and employees do not have to pay any type of tax for the amount they save according to their Thrift plan. It is covered by the services provided by the organizations to the workers. Indeed, the employer is also contributing a limited amount in this austerity plan.