Internal Revenue Service Section 125 Plan. Effective September 1, 1997, the Board shall apply that part of the teacher's salary which is the teacher's participation in the monthly health benefits premium so as to tax shelter that participation. Voluntary employee payroll deductions for health insurance premiums will also be tax-sheltered. The Board shall comply with IRS and Federal law regulations in doing so.
Appears in 4 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
Internal Revenue Service Section 125 Plan. Effective September 1, 1997, the Board shall apply that part of the teacher's salary which is the teacher's participation in the monthly health benefits premium so as to tax shelter that participation. Voluntary employee Employee payroll deductions for health insurance premiums will also be tax-sheltered. The Board shall comply with IRS and Federal law regulations in doing so.
Appears in 1 contract
Samples: Master Agreement
