Payroll deductions shall consist of federal income tax withholding, Iowa income tax withholding, social security, Iowa Public Employees Retirement System, insurance, dues, and annuities.
Licensed Employee Tax Shelter Programs
Any employee of the district may elect to have a payroll deduction to pay premiums on an individual annuity contract. The employee must submit a written, signed request by the 15th of the prior month to the payroll department to request to begin the deduction the following month. The payroll department will then forward the request form on to a third-party for processing. The insurance company or mutual fund must be authorized to do business in Iowa, and must comply with district regulations for payment to the funds or companies.
Each employee shall be allowed to change or amend the amount of contribution one time per calendar year. An additional change will be allowed at the time of a "significant" event such as employee change in marital status, birth or death of an immediate family member, or a life threatening or prolonged illness of the employee or an immediate family member.
*Revised: 11/11/96
*Revised: 06/17/02
*Reviewed: 12/11/06
*Reviewed: 04/12/10
*Revised: 12/13/10
*Reviewed: 02/09/15
*Reviewed: 07/08/19