Salary reduction plan definition

Salary reduction plan means a benefit plan whereby state and

Salary reduction plan means a benefit plan whereby school em- ployees may agree to a reduction of salary on a pretax basis to par- ticipate in the dependent care assistance program, medical flexible spending arrangement, or premium payment plan offered pursuant to 26

Salary reduction plan means a benefit plan whereby state and public employees may agree to a reduction of salary on a pretax basis to participate in the dependent care assistance program, medical flexible spending arrangement, or premium payment plan offered pursuant to 26 U.S.C. Sec. 125 or other sections of the internal revenue code.

Examples of Salary reduction plan in a sentence

• RCW 41.04.605 and 1987 c 475 s 2 are each amended to read29 as follows:30 Unless the context clearly requires otherwise, the definitions in31 this section apply throughout RCW 41.04.610 through 41.04.635.32 (1) "Salary reduction plan" means a plan whereby state employees33 and officers may agree to a reduction of salary which reduction will34 allow the employee to participate in benefits offered pursuant to 26 35 U.S.C. Sec.

• Simple IRA • Salary reduction plan with minimal administrative work • Offer to all employees who have compensation of at least $5,000 in any prior 2 years • Employees may contribute up to $12,500 ($15,000 if age 50 or older) through payroll deduction • Employer can either match 100% of employee contributions up to 3% of compensation or contribute 2% of each eligible employee’s compensation.

• Key Advantage• Salary reduction plan with less administration• Low cost with option of $25 per participant or $350 plan fee8 3.

More Definitions of Salary reduction plan

Salary reduction plan means a benefit plan whereby public

Salary reduction plan means a benefit plan whereby public em- ployees may agree to a reduction of salary on a pretax basis to par- ticipate in the dependent care assistance program, medical flexible spending arrangement, limited purpose flexible spending arrangement, or premium payment plan offered pursuant to 26 U.S.C. Sec. 125 or oth- er sections of the Internal Revenue Code.

Salary reduction plan means a benefit plan

Salary reduction plan means a benefit plan whereby state and public employees may agree to a reduction of salary on a pretax basis to participate in the DCAP, medical FSA, or premium payment plan as authorized in chapter 41.05 RCW.

Salary reduction plan means a benefit plan whereby school em- ployees may agree to a reduction of salary on a pretax basis to par- ticipate in the dependent care assistance program (DCAP), medical flexible spending arrangement (FSA), or premium payment plan offered pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Reve- nue Code.

Salary reduction plan means a benefit plan whereby state and public employees may agree to a reduction of salary on a pretax basis to participate in the DCAP, medical FSA, or premium payment plan as authorized in chapter 41.05 RCW. "Seasonal employee" means an employee hired to work during a recurring, annual season with a duration of three months or more, and anticipated to return each season to per-

Salary reduction plan means a benefit plan whereby school em- ployees may agree to a reduction of salary on a pretax basis to par- ticipate in the dependent care assistance program, medical flexible