California Government Code 9359.01 – (a) Notwithstanding any other provision of this part, the …
(a) Notwithstanding any other provision of this part, the benefits payable to any person who becomes a member for the first time on or after January 1, 1990, shall be subject to the limitations set forth in Section 415 of the Internal Revenue Code.
(b) Notwithstanding any other law, the benefits payable to any person who became a member prior to January 1, 1990, shall be subject to the greater of the following limitations as provided in Section 415(b)(10) of the Internal Revenue Code:
Terms Used In California Government Code 9359.01
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Person: includes any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Government Code 17
(1) The limitations set forth in Section 415 of the Internal Revenue Code.
(2) The accrued benefit of a member under this system (determined without regard to any amendment to the system made after October 14, 1987).
(Amended by Stats. 1999, Ch. 83, Sec. 69. Effective January 1, 2000.)