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<br /> Code. The cost-of-living adjustment in effect for a calendar year applies to annual compensation <br /> for the determination period that begins with or within such calendar year. <br /> F or purposes of determining benefit accruals in a Plan Year beginning after December <br /> 31, 2001, the annual compensation limit described in this Section B.3 for determination periods <br /> beginning before January 1,2002 shall be $150,000 for any determination period beginning in <br /> 1996 or earlier; $160,000 for any determination period beginning in 1997, 1998, or 1999; and <br /> $170,000 for any determination period beginning in 2000 or 2001. <br /> Notwithstanding the foregoing, this Section B.3 shall not apply to any Member eligible <br /> for a higher limit on annual compensation under the transition rule described in Section <br /> 1.401(a)(17)-I(d)(4)(ii) of the Treasury Regulations. <br /> B.4. Modification of Definition of Eli2ible Retirement Plan. <br /> <br /> For purposes of the direct rollover provisions in the Plan, an eligible retirement plan shall <br /> also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under <br /> Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any <br /> agency or instrumentality of a state or political subdivision of a state and which agrees to <br /> separately account for amounts transferred into such plan from this Plan. The definition of <br /> eligible retirement plan shall also apply in the case of a distribution to a surviving spouse, or to a <br /> spouse or former spouse who is the alternate payee under a qualified domestic relation order, as <br /> defined in Section 414(p) of the Code. This Section B.4 shall apply to distributions made after <br /> December 31, 200 I. <br /> B-2 <br /> NB 1:508358.9 <br /> "" .' ..,..-,. _.. <br />