§ 21-5-901 - Definitions. - Arkansas Statutes

21-5-901. Definitions.

As used in this subchapter:

(1) "Cafeteria plan" means a written fringe benefits plan which meets the requirements of the Internal Revenue Code;

(2) "Eligible employee" means full-time employees of governmental entities;

(3) "Governmental entities" means any agency of the state, any city, any county, any school district, or any other political subdivision of this state; and

(4) "Salary reduction agreement" means a written agreement between an eligible employee and a governmental entity whereby the employee agrees to reduce his or her salary by a stated amount or an amount equal to the employee's cost of benefits selected under a cafeteria plan.