| Springboro Community Schools |
| Bylaws & Policies |
3421.02 - ANNUITIES
The Board of Education realizes the concern of its employees for the availability of those protective and personally advantageous benefits beyond an individual's basic salary. It is the Board's desire to make available within limits of law and Board fiscal management the opportunity for payroll deduction of annuities according to the following:
| A. | There shall not be a limit to the number of companies that represent the employees of the school system. However, there must be at least five (5) employees that are participating in the tax-sheltered annuity program offered by any one company. | |
| B. | The minimum amount to be withheld from each paycheck shall be twenty dollars ($20.00). | |
| C. | Withholding for annuities shall begin with the first check of the month following receipt of the completed salary reduction agreement. |