Employees may elect to have amounts withheld from their pay for items authorized by law, subject to agreement of the district. The board may authorize the administration to make a payroll deduction for classified employees' tax-sheltered annuity premiums purchased from a company or program if chosen by the board.
Classified employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the school business official.
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: 2/22/10
Reviewed: 8/22/12
Revised: 10/25/17
Reviewed: 4/27/22
