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412.4 CLASSIFIED EMPLOYEE TAX SHELTER PROGRAMS

Code No. 412.4

 

CLASSIFIED 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 classified employees' tax-sheltered annuity premiums purchased from a company or program if chosen by the board.

 

Classified employees wishing to have payroll deductions for tax sheltered annuities will make a written request to the board secretary.

 

 

 

For more detailed discussion of this issue, see IASB’s Policy Primer, Vol. 25 #4 – May 1, 2017.