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 board of trustees of the Ohio police and fire pension fund shall increase the amount of the pension, benefit, or allowance of any person whose pension, benefit, or allowance payable under section 742.37, 742.3716, 742.3717, or 742.39 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: 11-02-1999
Section: Previous 742.3712 742.3713 742.3714 742.3715 742.3716 742.3717 742.3718 742.3719 742.3720 742.3721 742.38 742.381 742.39 742.40 742.41 NextLast modified: October 10, 2016