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406.6 LICENSED EMPLOYEE TAX SHELTER PROGRAMS

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