Whenever the limits established by section 415 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 415, as amended, are raised, the state highway patrol retirement board shall increase the amount of the pension, benefit, or allowance of any person whose pension, benefit, or allowance payable under section 5505.17, 5505.174, or 5505.18 of the Revised Code was limited by the application of section 415. The amount of the increased pension, benefit, or allowance shall not exceed the lesser of the amount the person would have received if the limits established by section 415 had not been applied or the amount the person is eligible to receive subject to the new limits established by section 415.
Effective Date: 07-01-1990
Section: Previous 5505.162 5505.163 5505.17 5505.171 5505.172 5505.173 5505.174 5505.175 5505.176 5505.177 5505.178 5505.18 5505.181 5505.19 5505.20 NextLast modified: October 10, 2016