70A.17B - PAYROLL DEDUCTION FOR ELIGIBLE QUALIFIED TUITION PROGRAM CONTRIBUTIONS.
70A.17B PAYROLL DEDUCTION FOR ELIGIBLE QUALIFIED
TUITION PROGRAM CONTRIBUTIONS.
1. The state officer in charge of any of the state payroll
systems shall deduct from the wages or salaries of a state officer or
employee an amount specified by the officer or employee for payment
to an eligible qualified tuition program in a method consistent with
current discretionary payroll deductions and on forms prescribed by
the payroll administrator. For purposes of this section, an
"eligible qualified tuition program" is a program that meets the
requirements of a qualified tuition program under section 529 of the
Internal Revenue Code and is a program in which at least five hundred
state officers or employees request a payroll deduction and the
request for the payroll deduction is made by the state officer or
employee in writing to the officer in charge of the program.
2. The moneys deducted under this section shall be paid to the
eligible qualified tuition program for the benefit of the officer's
or employee's account no later than thirty days following the payroll
deduction from the wages of the officer or employee. The deduction
may be made even though the compensation paid to an officer or
employee is reduced to an amount below the minimum prescribed by law.
Payment to an officer or employee of compensation less the deduction
shall constitute a full discharge of claims and demands for services
rendered by the officer or employee during the period covered by the
payment. The request for the deduction may be withdrawn at any time
by filing a written notification of withdrawal with the state officer
in charge of any of the state payroll systems. Section History: Recent Form
2005 Acts, ch 75, §1