|Category Name:||Human Resources|
|Responsible Unit:||Office of Human Resources|
|Responsible VP:||VP for Administration and Finance|
|Last Revision Date:|
|Last Review Date:|
|Shared governance: none|
There are no definitions for this policy at this time.
Tax Sheltered Annuities
Several tax sheltered programs are now available to employees depending on their negotiating unit. Tax sheltered programs allow employees to enter into an agreement with their employer to reduce their salaries and have the amount of reduction contributed to a retirement annuity account. Funds so contributed are before tax dollars and employees do not have to pay taxes on these earnings until they actually start drawing them out of the annuity account at retirement.
Savings Bond Program
The College participates in the Payroll Savings Bond.
Links to Related Procedures and Information
There are no links for this policy at this time.
For details on tax sheltered savings programs, contact the Benefits Officer.
For information on the Savings Bond Program enrollment cards and descriptive brochures, contact the Personnel Office.
History (in descending order)
|Next Review Date||December 1, 2017||Three year review|
|Adoption Date||Unavailable||Policy Adopted|