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.
Internal Revenue Service Code 403 (B)
Adopted: June 8, 1998
Independent School District 15
St. Francis, Minnesota