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IRS Defines Salary Reduction Agreement for Purposes
Deloitte via BenefitsLink 
Dec. 5, 2007
Excerpt: Payments public educational institutions and 501(c)(3) tax-exempt organizations make to purchase 403(b) annuity contracts for their employees generally are not included in wages for purposes of the Federal Insurance Contributions Act (FICA) rules. However, this FICA exception is not available for payments made under a 'salary reduction agreement.' The breadth of the IRS's proposed definition of 'salary reduction agreement' has been criticized by some since the IRS issued it in 2004. But the IRS has just issued its 2004 proposed definition in final form, without changes. 72 FR 64939 (November 19, 2007).
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