Authorized Payroll Deductions. a. The Board shall provide for payroll deductions authorized by the teacher for the following: dues or service fees to professional organizations (NEA, OEA, NEOEA, WEA, and affiliates), U.S. savings bonds, Fund for Children and Public Education, tax sheltered annuities, authorized Employees Credit Union, United Way, and cancer insurance. Authorized deductions for U.S. savings bonds must be in divisible multiples which will from time to time equal the cost of the denomination of the bond authorized to be purchased. Authorization by the teacher for payroll deductions approved herein must be in writing, on the proper forms, and delivered to the Treasurer's Office at least seven (7) calendar days prior to the applicable pay ending date. b. New annuity carriers must have a minimum of thirty (30) bargaining unit clients registered for their annuity product(s) in order to qualify for the payroll deduction program described in (a) above. c. A program of direct deposit of payroll checks to Board of Education authorized banks is available and is mandatory for all newly hired teachers and for all teachers effective October 1, 2014. A newly hired teacher's request for direct payroll deposit shall be on proper forms, submitted at least seven (7) calendar days prior to their first pay date. Any teacher who has been considered “newly hired” under this section or its predecessor may not cancel direct deposit, buy may change a banking institution. Any changes to the banking establishment receiving the deposits approved herein shall also be in writing and presented at least seven (7) calendar days prior to the applicable change date. All funds will be timely deposited so as to have accessibility to the funds on the pay date.
Appears in 2 contracts
Sources: Master Contract, Master Contract
Authorized Payroll Deductions. a. The Board shall provide for payroll deductions authorized by the teacher for the following: dues or service fees to professional organizations (NEA, OEA, NEOEA, WEA, and affiliates), U.S. savings bonds, Fund for Children and Public Education, tax sheltered annuities, authorized Employees Credit Union, United Way, and cancer insurance. Authorized deductions for U.S. savings bonds must be in divisible multiples which will from time to time equal the cost of the denomination of the bond authorized to be purchased. Authorization by the teacher for payroll deductions approved herein must be in writing, on the proper forms, and delivered to the Treasurer's Office at least seven (7) calendar days prior to the applicable pay ending date.
b. New annuity carriers must have a minimum of thirty (30) bargaining unit clients registered for their annuity product(s) in order to qualify for the payroll deduction program described in (a) above.
c. A program of direct deposit of payroll checks to Board of Education authorized banks is available and is mandatory for all newly hired teachers and for all teachers effective October 1, 2014. A newly hired teacher's request for direct payroll deposit shall be on proper forms, submitted at least seven (7) calendar days prior to their first pay date. Any teacher who has been considered “newly hired” under this section or its predecessor may not cancel direct deposit, buy may change a banking institution. Any changes to the banking establishment receiving the deposits approved herein shall also be in writing and presented at least seven (7) calendar days prior to the applicable change date. All funds will be timely deposited so as to have accessibility to the funds on the pay date.
Appears in 2 contracts
Sources: Master Contract, Master Contract