Section 36-29-19.5 Premium deductions shall be pretax; transfer of funds. - Alabama Statutes

Section 36-29-19.5

Premium deductions shall be pretax; transfer of funds.

Employee's contribution to the health insurance premium shall be deducted from payroll on a pretax basis as permitted under Section 125 of the Internal Revenue Code. The board is authorized to transfer the necessary funds from the State Employees' Insurance Fund to the fund established by the Flexible Employees Benefit Board for the administration of the flexible employees benefits program.

(Act 2004-647, 1st Sp. Sess., p. 17, §2.)