Sentences with phrase «called salary reduction»
Also called salary reduction contributions, these are the most common types of contributions to retirement plans.
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The review will examine NYRA's response to two earlier comptroller audits, which called for significant cost reductions, including salaries and consultant fees, DiNapoli's office said.
His multi-part plan, among other things, calls for a 2 percent cap on property taxes; no increase in sales, income and business taxes; a freeze on public - union salaries — and a reduction of government agencies by one - fifth.
The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.