Maximum benefit limitation
No monthly benefit paid under the retirement system provided for in this chapter may exceed the annual limits on benefits as specified in section 415 of the Internal Revenue Code of 1986 and adjusted annually by the commissioner of internal revenue for calendar years 1988 and thereafter.
Maximum benefit limitation
No A monthly benefit paid under the retirement system provided for in this chapter may not exceed the annual limits on benefits as specified in section 415 of the Internal Revenue Code of 1986 as and adjusted adjusted annually by the commissioner of internal revenue for cost-of-living increases for calendar years 1988 and thereafter. succeeding years. However, benefits in excess of those limits may be paid from a qualified governmental excess benefit arrangement subject to 19-20-212.
| EnactedEn. SectionSec. 1, ChapterCh. 14, Laws ofL. 1987 |
| SectionSec. 19-4-710, Montana Code AnnotatedMCA 1991 |
| RedesignatedRedes. 19-20-710 by Code Commissioner, 1993. |