Dollar Limitation definition

Dollar Limitation means, effective for the first limitation year beginning after January 1, 2001, $160,000, automatically adjusted under Code Section 415(d), effective January 1 of each year, as published in the Internal Revenue Bulletin, and payable in the form of a straight life annuity. The new limitation shall apply to limitation years ending with or within the calendar year of the date of the adjustment, but a Member’s benefits shall not reflect the adjusted limit prior to January 1 of that calendar year. The Dollar Limitation shall be further adjusted based on the age of the Member when the benefit begins as follows:
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Dollar Limitation means the maximum permissible amount as such term is defined
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Dollar Limitation means $160,000 (subject to the annual adjustments provided under Section 415(d) of the IRC). Said amount shall be adjusted based on the age of the participant when benefits begin, as follows:
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Examples of Dollar Limitation in a sentence

  • Dollar Limitation...........................................................................................................

  • Adjustment of Defined Benefit Dollar Limitation for Benefit Commencement Before Age Sixty-Two (62) or after Age Sixty-Five (65).

  • If the Participant has less than ten (10) Years of Participation in the Plan, the Defined Benefit Dollar Limitation shall be multiplied by a fraction (i) the numerator of which is the number of Years, or part thereof, but not less than one (1) year, of Participation in the Plan, and (ii) the denominator of which is ten (10).

  • The lesser of the Dollar Limitation or the Earnings Limitation (both adjusted where required, as provided below).

  • Adjustment of Dollar Limitation for Benefit Commencement Before Age Sixty-two (62) or After Age Sixty-five (65): Effective for benefits commencing in limitation years ending after December 31, 2001, the dollar limitation under subsection B of this section shall be adjusted if the annuity starting date of the member’s benefit is before age sixty-two (62) or after age sixty-five (65).


More Definitions of Dollar Limitation

Dollar Limitation means the adjusted value of $90,000 (or such ----------------- other amount as may be in effect on the last day of the Limitation Year pursuant to Code Section 415(d)) based on the age of the Participant when the benefit begins as follows:
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Dollar Limitation means the limitation provided in Code Section 415(c)(1)(A) (adjusted in accordance with regulations of the Secretary of the Treasury) as in effect for the particular Plan Year.
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Dollar Limitation means the limitation provided in Code Section 415(c)(l)(A) (adjusted in accordance with regulations of the Secretary of the Treasury) as in effect for the particular Plan Year.
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Dollar Limitation means the applicable dollar amount within the meaning of Code sections 457(b)(2)(A) and 457(e)(15)(A), as adjusted for the cost-of-living in accordance with Code section 457(e)(15)(8).
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Dollar Limitation means $30,000 or, if greater, one-fourth of the defined benefit dollar limitation set forth in Code section 415(b)(1)(A), as adjusted by the Secretary of the Treasury, provided, however, that for the Short Plan Year only the Dollar Limitation shall be 5/12 of $30,000 or 5/12 or the defined benefit dollar limitation set forth in Code section 415(b)(1)(A), as adjusted by the Secretary of the Treasury.
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Dollar Limitation means $2,000 or, if applicable, the limitation in Code section 219(c)(1)(A).
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Dollar Limitation means the limitation provided in Code section 415(c)(1)(A) (adjusted in accordance with Internal Revenue Service Regulations) as in effect for the particular Plan Year.
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