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.
Licensed employees wishing to have payroll deductions for tax-sheltered annuities will make a written request to the business manager. A salary reduction agreement must also be presented to the business manager before deductions can be made.
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 5/18/2020
Reviewed
Revised
