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 that certified collective bargaining unit and the board regarding the tax-sheltered annuities of such employees will be followed.
Legal Reference: Iowa Code §§ 20.9; 294.16 (1993).
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: 6/12/1995
Reviewed: 12/10/1998; 2/14/1998; 10/12/11; 1/11/17; 12/8/21
Revised: 2/12/2009