Required federal and state withholding are automatically deducted from each employee's paycheck based upon specified rates established by the aforementioned governmental entities and by income tax withholding rates established by the employee via a W-4 form. Withholding for employer sponsored benefit plans in which the employee has elected to participate will also be automatically deducted from the employee’s paycheck at the applicable rates.
Alleghany County Public Schools offer employees a number of tax-sheltered retirement savings options (403b). These investment options are separate from the Virginia Retirement System pension in which full-time employees automatically participate. Employees voluntarily elicit participate in 403b investment plans and fully fund such participation through contributions deducted from each paycheck. A list of the available investment options is published annually.
A list of voluntary (non-employer sponsored) deductions available to employees is published annually. These voluntary deductions include the following:
1. Individual insurance policies for cancer, disability, vision, and other miscellaneous coverages;
2. Donations to charitable organizations; and
3. Memberships in organizations promoting health and fitness.
Unless approved otherwise by the School Board, voluntary payroll deductions will not be made for benefit plans and/or organizations with less than 25 participants from Alleghany County Public Schools. For plans and/or organizations that do not meet the 25 employee threshold to qualify for payroll deduction, employees retain the option of making contributions on their own.
Adopted: November 17, 1997
Amended: April 6, 2009
Approved: April 15, 2019
Legal Ref.: Code of Virginia, 1950, as amended §§ 22.1-78, 22.1-296.
Cross Ref.: GBR Voluntary Retirement Savings Program
DJG-R Vendors/Payroll Deductions