Policy - DLB

POLICY: DLB

EFFECTIVE DATE: 5/2/18

CANCELS SHEET DATED: 10/3/90 (DLBA)

REVIEWED BY POLICY COMMITTEE: 4/10/18

 

 

 

MANAGEMENT OF STAFF FUNDS

 

TAX SHELTERED ANNUITIES

 

 

In order to treat all interested parties fairly, the Board sets the following requirements for companies that wish to participate in the tax-sheltered annuity program for authorized employees:

 

1.) Annuity contracts will be accepted for payroll deduction.

 

2.) A minimum of three (3) applications from three (3) different employees will be required before a company is accepted as an authorized company.

 

3.) There will be no set up fees. Paid by the district.

 

4.) Transfers will be handled on an individual basis.

 

5.) Soliciting of accounts is not permitted on school time.