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 §§ 260C; 273; 294.16.
Cross Reference:
706 Payroll Procedures
Approved 9-20-04 Reviewed 2-16-26 Revised 1-28-19
