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As
charter schools set up their personnel functions, the Boards need to 1)
decide their school will enroll teachers in the Teacher Retirement
Program (an option under the charter school law), and 2) figure out what
benefits they will offer and how.
Our research with providers indicates that no charter school will be
able to have its own group program--all the start-up schools are too
small this year. And so benefits to employees will be based on
individual applications to programs.
We have located a menu of benefit choices a charter school might offer
under flexible benefit arrangements allowed by law. This includes
Flexible Spending Accounts, Flexible Benefit Plans, and makes allowances
for pre-tax deductions for dependent care. And we have a group offering
to completely handle this for New Hampshire charter schools for
$1500--one time expense to set up the charter school as eligible for
Section 125 accounts.
If you would like more information without obligation, individual
seminars or group seminars can be made available.
Q1: What publications are available that would explain the taxation
policy for Cafeteria Plans and Health Care Flexible Spending Accounts?
A1: Information on Health Care Flexible Spending Accounts and Cafeteria
Plans can be found in the following sources listed below:
References:
Publication 15-B
(PDF) , Employer's Tax 'Guide to Fringe Benefits
How does a cafeteria plan work?
Questions & Answers regarding
Cafeteria Plans
Health Care Flexible Spending
Accounts
Questions & Answers on HSA
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