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 District Human Resource Department or designee. Request for purchase or change of tax-sheltered annuities may be made to the Retirement Investors Club, RIC at https://das.iowa.gov/RIC.
Legal Reference: Small Business Job Protection Act of 1996, Section 1450(a), repealing portions of IRS
REG § 1.403(b)-1(b)(3). Iowa Code §§ 260C; 273; 294.16.
Approved: December 8, 2025
Reviewed: December 8, 2025
Revised: December 8, 2025