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412.4 Classified Employee Tax Shelter Program

The board authorizes the administration to make a payroll deduction for classified employees' tax-sheltered annuity premiums purchased from any company authorized by Iowa law.


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


Legal Reference:

Small Business Job Protection Act of 1996, Section 1450(a), repealing portions of IRS REG § 1.403(b)-1(b)(3). Iowa Code § 294.16. 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   9-20-04     Reviewed   6-18-07  7-17-12  1-28-19   Revised  1-28-19