| Winton Woods City School District |
| Bylaws & Policies |
6520 - PAYROLL DEDUCTIONS
To the extent permitted by law and consistent with the specific provisions of any applicable negotiated agreement, the Board of Education authorizes deductions to be made from an employee's paycheck upon proper authorization on the appropriate form for the following purposes:
| A. | Federal and State income tax | |
| B. | Social Security or retirement contribution | |
| C. | municipal income tax | |
| D. | school district income tax | |
| E. | State Employees Retirement System | |
| F. | State Teachers Retirement System | |
| G. | Section 125 deductions | |
| H. | savings in a chartered credit union | |
| I. | contributions to charitable and not-for-profit corporations and community fund organizations | |
| J. | payment of dues to labor or other organizations | |
| K. | payment of group insurance premiums for Board approved plans | |
| L. | payment for benefits of part-time employees who elect to participate in benefits provided to full-time staff |
To the extent permitted by law and in accordance with the procedures set forth below, the Board declares its willingness to purchase or procure tax-sheltered annuities for its employees who request that such annuities be purchased through payroll deduction. Specifically, employees may request in writing that the Board purchase or procure a tax-sheltered annuity for them in exchange for the employee taking a reduction in salary with respect to amounts earned after the effective date of such written notice - reductions in salary shall commence thirty (30) days after the Treasurer receives the employee's written notice. The Board shall use a corresponding amount to purchase the annuity for such employee from any licensed agent, broker or company authorized to transact the business as specified in law in accordance with Section 403(b) of the Internal Revenue Code. However, it shall be clearly understood that the Board's only function shall be the deduction and remittance of employee funds.
R.C. 9.90, 9.91
November, 1995
Revised 2/26/07