§ 900. Maximum benefits and contributions.

Latest version.

This plan incorporates by reference the requirements of Internal Revenue Code Section 415 and final regulations interpreting Internal Revenue Code Section 415, as applicable to this governmental retirement plan. The cost-of-living increase of Internal Revenue Code Section 415(d) shall continue to apply to increase the dollar benefit limit of Internal Revenue Code Section 415(b) after the participant's severance from employment. The limitation on contributions of Internal Revenue Code Section 415(c) shall apply to Optional Employee Contributions. The limitation year is the calendar year.

(Ord. Nos. 17982, 19988, 20497; Ord. No. 21971, § 4, 12-11-2008)

                    
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