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406.6 LICENSED EMPLOYEE TAX SHELTER PROGRAMS

Employees may elect to have amounts withheld from their pay for items authorized by law, subject to the agreement of the district.  The board may authorize the administration to make a payroll deduction for licensed employees' tax-sheltered annuity premiums purchased from a company or program if chosen by the board.

Licensed employees wishing to have payroll deductions for tax-sheltered annuities will make a written request to the superintendent.  Requests for purchase of change of tax-sheltered annuities may be made by the first Friday of the month.  

 

 

Legal Reference:         

Iowa Code §§ 260C; 273; 294.16 

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

 

 

 

Approved   July 1999                   

Reviewed May 2024

Revised