Agmt97 Public Employees Retirement System

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m and services account maintained pursuant to section 21678 of the Government Code . 1 . 12 Government Code : Those statutes of the State of California that have been codified as the Government Code . 1 . 13 Includible Compensation. A Participant ' s calendar year compensation from the Employer that is includible in gross income for Federal income tax purposes . Such term does not include any Deferral excludable from gross income under this Plan , or any other amount excludable from gross income under section 457 (a) , 403 (b) , 401 (k) , or 125 of the Code . Includible Compensation shall be determined without regard to any community property laws. 1 . 14 Investment Option: One of the available alterna- tives for crediting investment earnings to a Participant ' s Account, which shall be based upon the performance of one or a combination of the investment portfolios maintained under the Fund. 1 .15 Normal Retirement Age ; The age used to determine the three-year period in which a Participant may utilize the catch-up limitation under Section 4 . 2 . A Participant may designate as his or her Normal Retirement Age the age that will be attained in any Year that is not earlier than the earliest Year in which the Participant will be eligible to retire without actuarial or similar reduction under PERS or another retirement system and that is not later than the Year of the Participant ' s Required Beginning Date . Once a Participant has utilized the catch-up limitation under Section 4 . 2 or under a comparable 4 provision of another Eligible Deferred Compensation Plan, that Participant ' s Normal Retirement Age may not thereafter be changed.