Policy 4520 – Salary Deductions

Withholding Taxes

A Federal withholding tax is retained for the Collector of Internal Revenue as payment on
Federal Income Tax for the current year. The amount withheld is determined by salary and the
number of dependents. No salary check will be issued until all withholding forms are submitted.

A State withholding tax is retained for the Missouri Department of Revenue. The amount
withheld is determined in the same manner as the Federal Income Tax. Employees may authorize
additional sums to be withheld by notifying the payroll department in writing and completing a
new W-4 form indicating the additional amount to be withheld each pay period. No salary checks
will be issued until all withholding forms are submitted.

Public School Retirement System (PSRS) of Missouri

All full-time teachers and part-time teachers who work seventeen (17) hours or more per week
are members of PSRS. Support employees with a teaching certificate are also eligible for
membership in PSRS.

Public Education Employees Retirement System (PEERS)

All support employees who work twenty (20) hours or more per week on a regular basis for
thirty (30) calendar days are members of PEERS and are also covered by Social Security.

Medical

Medical insurance payments will be deducted for all employees on a twelve (12) month prorated .
basis each month.

Credit Union and Tax Sheltered Plan

Credit Union and Tax Sheltered Plans will be deducted under the terms of the respective
contracts.

Tax Sheltered Annuities

The School District provides for payroll deduction and processing for employees participating in
tax-sheltered annuities.

Additional Deductions

Any staff member may authorize additional voluntary deductions for payment of tax-sheltered
annuities, dues to professional organizations, credit union, and dependent coverage for medical
benefits.