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412.4 CLASSIFIED EMPLOYEE TAX SHELTER PROGRAMS

The board authorizes the administration to make a payroll deduction for classified employees' tax-sheltered annuity premiums purchased from a company or program chosen by the board.

 

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

 

 

 

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: 4/8/1999; 2/14/2008; 10/12/11; 5/11/22

Revised: 2/12/2009; 7/12/17