Code No. 412.4
CLASSIFIED EMPLOYEE TAX SHELTER PROGRAMS
The board authorizes the administration to make a payroll deduction for classified employees' tax sheltered annuity premiums purchased from a company or program chosen by the board and collective bargaining units.
Classified employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the superintendent.
Small Business Job Protection Act of 1996, Section 1450(a), repealing portions of IRS REG § 1.403(b)-1(b)(3).
Iowa Code §§ 20.9; 260C; 273; 294.16 (2013).
1988 Op. Att'y Gen. 38.
1976 Op. Att'y Gen. 462, 602.
1966 Op. Att'y Gen. 211, 220.
706 Payroll Procedures
Grinnell-Newburg School District, Grinnell, I