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Licensed Employee Tax Shelter Programs

Code No. 406.6

The board authorizes the administration to make a payroll deduction for licensed employees' tax sheltered annuity premiums purchased from a company or program chosen by the board and collective bargaining units.

Licensed employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the superintendent.

The requirements stated in the Master Contract between employees in the certified collective bargaining unit and the board regarding the tax sheltered annuities of such employees will be followed.

Legal Reference:      Iowa Code §§ 20.9; 260C; 273; 294.16 (2013).

                                1988 Op. Att'y Gen. 38.

                                1976 Op. Att'y Gen. 462, 602.

                                1966 Op. Att'y Gen. 211, 220.

 

Cross Reference:      706          Payroll Procedures

Initially Approved   03-12-2001                        Last Reviewed   05-09-2016                               Last Revision 03-23-2009 

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