§ 8415. Tax qualification
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 Pa.C.S.A. EducationEffective: June 12, 2017
Effective: June 12, 2017
24 Pa.C.S.A. § 8415
§ 8415. Tax qualification
(1)(i) Except as provided under subparagraph (ii) and notwithstanding a provision of this part, a contribution or benefit related to the plan may not exceed a limitation under IRC § 415 with respect to a governmental plan that is in effect on the date the contribution or benefit payment takes effect.
(2)(i) Except as provided under subparagraph (ii), an amendment of this part on or after the effective date of this section that increases contributions or benefits for active participants, inactive participants or participants receiving distributions may not be deemed to provide for a contribution or benefit in excess of a limitation, adjusted on or after the effective date of this section, under IRC § 415 unless specifically provided by legislation.
Credits
2017, June 12, P.L. 11, No. 5, § 113, imd. effective.
24 Pa.C.S.A. § 8415, PA ST 24 Pa.C.S.A. § 8415
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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