406.06 - Licensed Employee Tax Shelter Programs

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 licensed 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 superintendent. Requests for purchase or change of tax-sheltered annuities may be made to the payroll department by the first of any given month.

  

 

Legal Reference:  Iowa Code §§ 260C; 273; 294.16.

I.C. Iowa Code              Description
Iowa Code § 260C        Community Colleges
Iowa Code § 273           AEAs
Iowa Code § 294.16      Teachers - Investment Contracts

Cross References:  706.02  Payroll Deductions

Approved: 2/15/2016, 2/28/2018, 8/16/2021, 11/17/2025
Reviewed: 10/20/2025
Revised: 10/20/2025