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406.6 Licensed Employee Tax Shelter Programs

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 §§ 260C273294.16.


Cross Reference:

706 Payroll Procedures


Approved 11-17-03      Reviewed 8-21-12  2-19-20  5/18/22       Revised 2-19-20, 5/18/22