{"component": "definition", "props": {"groups": [{"samples": [{"hash": "eUsrtz1SQyP", "uri": "https://www.greaternaplesfire.org/wp-content/uploads/2022/12/175-Pension-Plan-Repeal-and-Revise.pdf", "label": "www.greaternaplesfire.org", "score": 17.5382638812, "published": false}, {"hash": "gR8QwjsV5SG", "uri": "https://www.cityofrockledge.org/AgendaCenter/ViewFile/Agenda/_11162018-686", "label": "Notice", "score": 9.424366872, "published": false}, {"hash": "iul24q56dWQ", "uri": "https://mcclibraryfunctions.azurewebsites.us/api/ordinanceDownload/10328/1000291/pdf", "label": "mcclibraryfunctions.azurewebsites.us", "score": 7.9431895962, "published": false}], "snippet_links": [{"key": "limitation-year", "type": "clause", "offset": [31, 46]}, {"key": "after-january", "type": "clause", "offset": [57, 70]}, {"key": "code-section", "type": "definition", "offset": [119, 131]}, {"key": "effective-january", "type": "clause", "offset": [140, 157]}, {"key": "each-year", "type": "definition", "offset": [163, 172]}, {"key": "internal-revenue", "type": "clause", "offset": [194, 210]}, {"key": "form-of", "type": "definition", "offset": [240, 247]}, {"key": "straight-life-annuity", "type": "clause", "offset": [250, 271]}, {"key": "calendar-year", "type": "definition", "offset": [350, 363]}, {"key": "date-of", "type": "clause", "offset": [371, 378]}, {"key": "the-adjustment", "type": "clause", "offset": [379, 393]}, {"key": "a-member", "type": "clause", "offset": [399, 407]}, {"key": "prior-to", "type": "clause", "offset": [456, 464]}, {"key": "based-on", "type": "clause", "offset": [546, 554]}, {"key": "the-member", "type": "definition", "offset": [566, 576]}, {"key": "the-benefit", "type": "definition", "offset": [582, 593]}], "snippet": "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\u2019s benefits shall not reflect the adjusted limit prior to January 1 of that calendar year. 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Said amount shall be adjusted based on the age of the participant when benefits begin, as follows:", "size": 5, "hash": "9884807052527d48d3fc4135b172f611", "id": 5}, {"samples": [{"hash": "4vElTciGbd", "uri": "https://cocoabeach.granicus.com/MetaViewer.php?view_id=2&clip_id=3482&meta_id=186281", "label": "cocoabeach.granicus.com", "score": 8.6762273963, "published": false}, {"hash": "89HYdZjWTL5", "uri": "https://cocoabeach.granicus.com/MetaViewer.php?view_id=4&clip_id=3483&meta_id=186330", "label": "cocoabeach.granicus.com", "score": 4.4257357974, "published": false}], "snippet_links": [{"key": "limitation-year", "type": "clause", "offset": [31, 46]}], "snippet": "means, effective for the first limitation year", "size": 2, "hash": "35ac654a36953366c3932b7f48fa93c8", "id": 6}, {"samples": [{"hash": "coSAYcCvifE", "uri": "https://www.sec.gov/Archives/edgar/data/315849/000031584910000006/tenk09ex101.txt", "label": "Retirement Plan (Southwest Georgia Financial Corp)", "score": 6.2436687201, "published": false}, {"hash": "ebmSAnh3XWv", "uri": "https://www.sec.gov/Archives/edgar/data/315849/000031584906000004/tenk05ex101.txt", "label": "Southwest Georgia Financial Corp", "score": 2.0, "published": false}], "snippet_links": [{"key": "code-section", "type": "definition", "offset": [33, 45]}, {"key": "in-accordance-with", "type": "definition", "offset": [69, 87]}, {"key": "secretary-of-the-treasury", "type": "definition", "offset": [107, 132]}, {"key": "in-effect", "type": "clause", "offset": [137, 146]}, {"key": "plan-year", "type": "definition", "offset": [166, 175]}], "snippet": "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.", "size": 2, "hash": "aa5a05b4ad8b807953d1994bd59f5568", "id": 7}, {"samples": [{"hash": "6G8m5fBu7Q0", "uri": "https://ca01000648.schoolwires.net/cms/lib/CA01000648/Centricity/shared/ar_bp_folder/BP-4x55.3-DefrdCompensation.pdf", "label": "Deferred Compensation Plan", "score": 7.0, "published": false}], "snippet_links": [{"key": "applicable-dollar-amount", "type": "definition", "offset": [10, 34]}, {"key": "meaning-of", "type": "clause", "offset": [46, 56]}, {"key": "the-code", "type": "clause", "offset": [81, 89]}, {"key": "as-adjusted", "type": "definition", "offset": [91, 102]}, {"key": "the-cost", "type": "clause", "offset": [107, 115]}, {"key": "in-accordance-with", "type": "definition", "offset": [126, 144]}], "snippet": "means the applicable dollar amount within the meaning of Section 457(b)(2)(A) of the Code, as adjusted for the cost-of-living in accordance with Section 457 (e)(15) of the Code.", "size": 2, "hash": "80fd9759f6f8c68ee8efdc3cb263cf95", "id": 8}, {"samples": [{"hash": "iyMCEMIJIJj", "uri": "https://www.sec.gov/Archives/edgar/data/1111711/000089322001500838/w54591ex10-28.txt", "label": "Nisource Inc/De", "score": 2.0, "published": false}], "snippet_links": [{"key": "the-annual", "type": "clause", "offset": [6, 16]}, {"key": "contributions-to", "type": "clause", "offset": [38, 54]}, {"key": "basic-plan", "type": "clause", "offset": [59, 69]}, {"key": "section-47", "type": "clause", "offset": [87, 98]}], "snippet": "means the annual dollar limitation on contributions to the Basic Plan, as set forth in Section 4.7 of that plan.", "size": 1, "hash": "36f7c3769c60bc5b1b443d65fb59898e", "id": 9}, {"samples": [{"hash": "i3oNjobHYiu", "uri": "https://www.sec.gov/Archives/edgar/data/1076405/000091019599000347/1.txt", "label": "Pepsi Bottling Group Inc", "score": 2.0, "published": false}], "snippet_links": [{"key": "code-section", "type": "definition", "offset": [33, 45]}, {"key": "in-accordance-with", "type": "definition", "offset": [69, 87]}, {"key": "service-regulations", "type": "clause", "offset": [105, 124]}, {"key": "in-effect", "type": "clause", "offset": [129, 138]}, {"key": "plan-year", "type": "definition", "offset": [158, 167]}], "snippet": "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.", "size": 1, "hash": "35a7a2fcd2578a02524257c3bbb1cff3", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIaZG9sbGFyLWxpbWl0YXRpb24jMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "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\u2019s 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:", "title": "Dollar Limitation", "size": 48, "id": "dollar-limitation", "examples": ["If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution <strong>Dollar Limitation</strong> multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is twelve (12).", "If a short Limitation Year is created because of an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the Maximum Permissible Amount will not exceed the Defined Contribution <strong>Dollar Limitation</strong> multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year, and the denominator of which is twelve (12).", "If a determination period consists of fewer than 12 months, the Compensation <strong>Dollar Limitation</strong> for such period is an amount equal to the otherwise applicable Compensation <strong>Dollar Limitation</strong> multiplied by a fraction, the numerator of which is the number of months in the short determination period, and the denominator of which is 12.", "The adjusted Stock Prices and the <strong>Dollar Limitations</strong> will equal the Stock Prices and the <strong>Dollar Limitations</strong> applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Stock Price and <strong>Dollar Limitation</strong> adjustment and the denominator of which is the Conversion Rate as so adjusted.", "For this purpose, Total Compensation is subject to the Compensation <strong>Dollar Limitation</strong> as defined in Section 22.32.", "In determining the allocation for such aggregated individuals, the Compensation <strong>Dollar Limitation</strong> (as defined in Section 22.32) was applied on an aggregated basis with respect to the Five-Percent Owner or top-10 owner, his/her spouse, and his/her minor children (under the age of 19).", "If Section 401(k) Deferrals, Employer Matching Contributions, or Employee After-Tax Contributions are separately determined for each pay period, no proration of the Compensation <strong>Dollar Limitation</strong> is required with respect to such pay periods.", "In addition, in determining allocations in Plan Years beginning on or after January 1, 1994, the Compensation <strong>Dollar Limitation</strong> in effect for determination periods beginning before that date is $150,000.", "The Defined Benefit <strong>Dollar Limitation</strong> applicable at an age before 62 is determined as the lesser of (A) the Actuarial Equivalent (at that age) of the Defined Benefit <strong>Dollar Limitation</strong> computed using the interest rate and mortality table (or other tabular factor) specified in the Plan and (B) the Actuarial Equivalent (at that age) of the Defined Benefit <strong>Dollar Limitation</strong> computed using a five-percent interest rate and the applicable mortality table as defined in the Plan.", "In no event may Testing Compensation for any Participant exceed the Compensation <strong>Dollar Limitation</strong> defined in Section 22.32."], "related": [["defined-contribution-dollar-limitation", "Defined Contribution Dollar Limitation", "Defined Contribution <strong>Dollar Limitation</strong>"], ["positive-beam-limitation", "Positive beam limitation", "Positive beam limitation"], ["deduction-limitation", "Deduction Limitation", "Deduction Limitation"], ["lifetime-benefit-limit", "Lifetime Benefit Limit", "Lifetime Benefit Limit"], ["annual-benefit-limit", "Annual Benefit Limit", "Annual Benefit Limit"]], "related_snippets": [], "updated": "2025-07-07T00:35:48+00:00"}, "json": true, "cursor": ""}}