412.04 Classified Employee Tax Shelter Programs

The board authorizes the administration to make a payroll deduction for classified employees' tax sheltered annuity premiums purchased from any company the employee chooses or through an Iowa-licensed salesperson selected by the employee.

Classified employees wishing to have payroll deductions for tax sheltered annuities shall make a written request to the Business Manager.

 Legal Reference:    Iowa Code §§ 20.9; 260C; 273; 294.16 (1995). 

                                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 8/18/11      Reviewed  10/21/20              Revised