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Definition of

salary reduction plan

HR & Personnel

voluntary pay deductions for employee benefits in the United States, an employee benefit plan, a type of cafeteria plan, that is funded by voluntary salary reduction and that the employee may use for some expenses that are exempt from payroll taxes.

Related definitions of "salary reduction plan"

Definitions of ’salary reduction plan’ and meaning of ’salary reduction plan’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’salary reduction plan’ and other financial terms with our online QFINANCE Financial Dictionary.

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