FLEXIBLE FRINGE BENEFIT PLAN. Section 125 of the Internal Revenue Code allows an employee to pay the employee's share of health and dental premiums with before-tax dollars, thereby reducing tax deductions on the money paid for insurance benefits. Teachers may participate in the Flexible Fringe Benefit Plan as long as such is provided for by law or IRS rules.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
