294.9 Fund.
The fund for such retirement system shall be created from the following sources:
1. From the proceeds of an assessment of teachers in the school district not exceeding one percent of their salaries in a given school year, or such greater percentage as the board of directors of such school district may authorize and a majority of such teachers shall, at the time of such authorization by the board, agree to pay.
2. From the proceeds of an annual tax levy.
3. From the interest on any permanent fund which may be created by gift, bequest, or otherwise.
[C24, 27, 31, 35, 39, §4346; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §294.9]
Referred to in §294.10A, 294.11
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Section 294.1 - Qualifications — compensation prohibited.
Section 294.3 - State aid and tuition.
Section 294.4 - Daily register.
Section 294.8 - Pension system.
Section 294.10A - Pickup of teacher assessments.
Section 294.10B - Rights not transferable or subject to legal process — exceptions.
Section 294.11 - Termination resolution adopted.
Section 294.12 - Pension fund held for survivors upon termination.
Section 294.13 - General fund replacements.
Section 294.14 - Estimate of funds needed — levy.
Section 294.15 - Retirement allowance — teachers who retired before July 4, 1953.