Original Adopted Date: 2-14-83                                          Last Revised Date: 8-22-22                                        Last Reviewed Date: 11-28-16

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 Agreement/Staff Handbook 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.

Cross Reference:         706      Payroll Procedures