Tax Deferred Annuities. A teacher may participate in a tax-deferred annuity through payroll deduction. The request for initial enrollment and any change in the deduction amount shall be submitted in writing to the Treasurer by October 15 or March 15. Deductions in accordance with such written authorization will begin, respectively, with the first regular pay in November and the first regular pay in April. In all cases, the teacher must work with the District's third-party administrator and common remitter and the deductions must conform to all tax and other legal requirements. Deductions with respect to an annuity provider not currently receiving deductions are permitted only if at least five (5) employees District-wide authorize deductions as to that provider.
Appears in 4 contracts
Samples: dam.assets.ohio.gov, Collective Bargaining Agreement, serb.ohio.gov
