An underwriter must have three employees who want to enroll in an annuity plan which s/he provides before the Business Office will accept his/her application.

Agents are not to solicit employees during school hours on school property without the authorization of the Superintendent.

Applications or changes from underwriters and/or staff will be accepted at any time. However, applications or changes must meet all applicable requirements. For example, present IRS rulings allow only one change to the amount deducted per calendar year.

Applications for tax sheltered annuity plans must be for a minimum of $20.00 per month.

Underwriters shall provide a consolidated monthly statement to the Business Office.

The employee's full contract salary will be used to compute the retirement and social security deductions.

The accuracy of the deductions for tax sheltered and income protection plans and the adherence to all IRS rules are solely the responsibility of the employee and the District shall not be held liable for any action or lack of action regarding the deductions or adherence to IRS rules.