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Employee Payroll Deductions for Private & State Sponsored Insurance & Annuities

600.660 EMPLOYEE PAYROLL DEDUCTIONS FOR PRIVATE & STATE-SPONSORED INSURANCE & ANNUITIES POLICY

Colleges are required to cooperate in the administration of plans and the education of employees for state sponsored programs offered through the State Employees Benefits Board and the State Deferred Compensation Committee.

When private insurance and tax deferred annuity companies have established a client list of five individual Wenatchee Valley College employees, Wenatchee Valley College may establish a payroll deduction plan to facilitate payment to said insurance company. The deduction plan should encourage insurance companies to service these respective clients.

Adopted by the board of trustees: 4/11/01
Last reviewed: __/__/__
Policy contact: Administrative Services

Related policies and procedures
None identified at this time