Alabama Code 36-29-19.5. Premium deductions shall be pretax; transfer of funds
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Terms Used In Alabama Code 36-29-19.5
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
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.