123.00 OPTIONAL PAYROLL DEDUCTIONS

Classified, administrative, and part-time personnel may authorize the Chief Business Officer to make automatic payroll deductions for the following purposes: payment of premiums for College approved IRC 125 Salary Reduction items, such as: health/dental plan, Salary Protection Insurance Plan, and contributions to approved tax sheltered annuities and life insurance plans. Deductions may also be authorized for payment of dues for the College Education Association, College Endowment Association, Tiger Booster Club, Ark City Teachers Credit Union, and United Way of Arkansas City, provided that such deductions may not be discontinued during a contract year except as stated in the IRC-125 plan.

1. All applications for payroll deductions must be submitted in writing each year by August 20.
2. A list of approved tax sheltered annuity and/or life insurance companies are maintained in the Business Office.
3. Voluntary salary deductions may be discontinued at any time during the school year by filing a written request at least 21 days in advance of the specified pay period.

Adopted May 30, 1974
Reviewed July 11, 1989
Revised October 15, 1990
Revised September 21, 1992
Revised October 18, 1993
Revised June 19, 2000
Revised July 21, 2003
Revised December 17, 2007

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