The board authorizes the superintendent & business manager to make a payroll deduction for licensed employees' tax-sheltered annuity premiums purchased from any company authorized by Iowa law.
Licensed employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the superintendent.
Legal Reference:
Iowa Code §§ 260C; 273; 294.16.
Cross Reference:
706 Payroll Procedures
Approved 11-17-03 Reviewed 2-16-26 Revised 1-28-19