If an employee wishes to terminate their withholding contract with their employer:
Send letter describIng wish to terminate contract & one to Treasury and ask for the monies withheld to be returned to employee
If an employee wishes to terminate their withholding contract with their employer
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To terminate a withholding contract with an employer, the employee should follow these steps:
1. Write a Termination Letter to Employer: Draft a formal letter stating the intent to terminate the withholding agreement. Include relevant details such as the employee’s name, position, the date of the request, and a clear statement expressing the wish to end the contract.
2. Contact the Treasury: Prepare another letter addressed to the Treasury, requesting the return of any withheld funds. This letter should also include the employee’s identifying information, the reason for the request, and ask for guidance on the process for retrieving the withheld amounts.
Explanation: This process ensures that both the employer and the Treasury are informed of the decision, allowing for appropriate actions to be taken regarding the termination and the return of funds.
If you have more specific questions or need further assistance, feel free to ask!