Arkansas Code Title 21. Public Officers and Employees § 21-5-901. Definitions

(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;

(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; and

(5) “Voluntary product” means any individual or group policy and other employee benefits that are wholly paid for by the employee, including without limitation those policies and benefits procured under § 6-17-1115 or provided by the Arkansas State Employees Association, Inc., or a designee of the Arkansas State Employees Association, Inc., that develops and administers a cafeteria plan under § 21-5-904(d).