Excess benefit participant means any member whose retirement benefit, as determined on the basis of all qualified plans without regard to the limitations of R.S. 11:1458 and comparable provisions of other qualified plans of the employer, would exceed the maximum benefit permitted under Section 415 of the Internal Revenue Code.
Excess benefit participant means any retired member whose retirement benefits as determined on the basis of all qualified plans without regard to the limitations of Section 25(b) of this article and comparable provisions of other qualified plans would exceed the maximum benefit permitted under Section 415 of the code.
Excess benefit participant means an Employee who has satisfied the eligibility requirements of Section II, as indicated pursuant to an action taken by the Committee, and is eligible for benefits in accordance with Section IV.
More Definitions of Excess benefit participant
Excess benefit participant means any retiree whose retirement benefits, as determined on the basis of all qualified plans without regard to the limitations provided by Section 23 of this Act and comparable provisions of other qualified plans, would exceed the maximum benefit permitted under Section 415, Internal Revenue Code of 1986, as amended.
Excess benefit participant means an Employee who has satisfied the eligibility requirements of Section II, as indicated on Schedule B attached hereto and as updated from time to time, and is eligible for benefits in accordance with Section IV.
Excess benefit participant means any member 72-39 whose retirement benefits as determined on the basis of all 72-40 qualified plans without regard to the limitations of Section 8.01 72-41 of this article and comparable provisions of other qualified plans 72-42 would exceed the maximum benefit permitted under Section 415 of the 72-43 code.
Excess benefit participant means any member whose retirement benefit is determined on the basis of all qualified plans maintained by the city without regard to the limitations set forth in the pension plan and comparable provisions of other qualified plans of the city, that exceed the maximum benefit under section 415 of the Internal Revenue Code.