Ark. Code Ann. § 21-5-901 (2020)

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.

History. Acts 1987, No. 810, § 1.

U.S. Code. The Internal Revenue Code, referred to in this section, is codified as Title 26 of the U.S. Code.