Code No.: 405.3
LICENSED EMPLOYEE – PAYROLL DEDUCTIONS
Policy: 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 Business Manager.
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.
Approved__________
Reviewed 7/26/99
Reviewed 12/19/02
Reviewed 1/7/08
Revised 7/21/14
