406.6 - Licensed Employee Tax Shelter Programs

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 provide a written request to the business office.

The requirements stated in the Master Contract between employees in that 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 (2009).
                                       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 07/10/89    
Reviewed 10/18/21    
Revised 02/14/11