Certain LPS employees are able to recieve multiple summer paychecks in June, or have their 10 month salary spread over 12 months. Section 409 A was set forth in 2008 from the IRS regarding receiving “annualized compensation”. Any employee who participates in a payment plan like this must complete a 409A form.
If you have any questions regarding 409A, please call Payroll at 436-1710.
