Common use of General Catch-up Limitations Clause in Contracts

General Catch-up Limitations. for one or more of the last three (3) taxable years ending before a Participant’s attainment of Normal Retirement Age (defined as age 59 ½ in the UNC Code Section 457(b) Plan), the maximum amount of combined Elective Deferrals and Xxxx 457(b) Contributions, hereof on behalf of a Participant, other than by means of a rollover or transfer, shall be the lessor of X or Y. X shall be twice the applicable dollar amount in effect under Section 457(b)(2)(A) of the Code for such year. Y shall be the sum of the primary limitation amount determined under Section

Appears in 15 contracts

Samples: benefits.hr.ncsu.edu, hr.ncsu.edu, new.unc.edu

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