The amount contributed under a salary reduction arrangement. A salary reduction arrangement is an arrangement under which you can elect to have your employer contribute part of your pay to your section 403(b) (tax-sheltered annuity) plan. Only the remaining portion of your pay is currently taxable. The tax on the contribution is deferred.
A contribution to a cash or deferred arrangement made pursuant to an employee's election to have such contribution made in lieu of receiving cash.
The amount of pretax dollars that an employee chooses to have the employer contribute to a qualified deferred compensation plan (e.g., a §401(k) plan) in the employee's behalf, also known as pretax contributions or employer contributions.
A voluntary contribution, based on a salary reduction agreement, made to a 403(b) Tax-Deferred Annuity, a 401(k) plan, a salary reduction SEP (SAR-SEP), and/or a IRC §457 eligible Deferred Compensation Plan.