§ 54-149. Special provisions regarding amount of retirement income.

Latest version.

The normal retirement benefit payable to a participant who becomes a participant in the plan on or after January 1, 1980, and who has not previously participated in the plan shall be limited according to the provisions of F.S. § 112.65.

The normal retirement benefit payable to a participant shall be subject to a maximum retirement income according to the applicable limits set forth in section 415 of the Internal Revenue Code, as amended from time to time.

(Ord. No. 2003-27, § 1, 7-15-03; Ord. No. 2009-1, § 3, 2-17-09)

                    
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