Before-tax contributions
Definition: [crh] The portion of an employee's salary contributed to a retirement plan before federal income taxes are deducDefinition: ted; this reduces the individual's gross income for federal tax purposes.
Tax-sheltered annuity A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction ...
A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered ...
The tax-sheltered annuities are made possible by "before-tax contributions," made via salary reduction agreements to the tax sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees.
 See also: Expense, Saving, Banks, Tender Offer, Calendar year
  
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