6520 - PAYROLL DEDUCTIONS
To the extent permitted by law, the Governing Board authorizes deductions to be made from an employee’s paycheck upon proper authorization on the appropriate form for the following purposes:
- Federal and State income tax,
- Social Security or retirement contribution,
- municipal income tax,
- ESC income tax,
- School Employees Retirement System,
- State Teachers Retirement System,
- Section 125 deductions (cafeteria plans),
- savings in a chartered credit union,
- contributions to charitable and not-for-profit corporations and community fund organizations, and
- 457 Deferred Compensation Plans.
In any case where the employee designates the agent, broker. or company through whom the Governing Board shall arrange for the placement or purchase of the tax-sheltered annuity, the agent, broker or company shall execute a reasonable service agreement, an information sharing agreement, and/or other similar agreements as determined at the discretion of the Governing Board. The service agreement shall protect the ESC from any liability attendant to procuring the annuity (i.e., a “hold harmless”) in accordance with provisions of the Internal Revenue Code and any other applicable laws and regulations.
In cases when an employee is absent from duty and there is no sick leave applicable, or when the absence is unauthorized, the salary deduction for each day of absence shall be based on the employee’s daily rate and any Governing Board paid benefits.
© Neola 2008