574 Tax-Sheltered Annuity  

The Internal Revenue Service code and state statutes permit school districts to participate in tax-sheltered annuity programs and allow school district employees to initiate or change tax-sheltered annuity contributions once each calendar year.  Employees may enroll or make changes in District approved tax-sheltered annuity programs at any time consistent with IRS Code 403 (B) and Independent School District 15 Business Office guidelines.
 
Legal Reference: 

Internal Revenue Service Code 403 (B)
 
 Adopted: June 8, 1998              

School Board
Independent School District 15
St. Francis, Minnesota