Credit Union Deposits. All deposits for Board authorized credit unions shall be deducted and collected by the Board from the salaries of those employees giving written authorization to the Board for the deduction of said deposits, provided that such authorization shall be revocable at the employee's will upon thirty (30) days written notice to the Board and the Board authorized credit union. Employees shall give the Board and the Board authorized credit union thirty (30) days prior written notice authorizing any change in the amount of money to be so deducted from the salaries of such employees.
Credit Union Deposits. Tax-Sheltered Annuity Deposits - The Board of Education requires that the designated agent, broker, or company be selected by at least five (5) employees. The designated agent, broker, or company may also be required by the Board to execute a reasonable agreement protecting the school district from any liability as a result of procuring the annuity. The Southeastern Board will not act as agent or disbursing agent for any Tax-Sheltered Annuity program or Company.
