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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.

Licensed employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the superintendent.

 

 

 

 

 

 

Legal Reference:          Iowa Code §§ 20.9; 260C; 273; 294.16

                                    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    July 2000                          Reviewed November 2020       Revised      October 2018