California Education Code

§ 26004

EDC § 26004 Effective Jan 1, 2025Div. 1 · Title 1 · Part 14 · Ch. 1

Statute text

Notwithstanding any other provision of law:

(a)The benefits payable to any participant or beneficiary under this part shall be subject to the limitations imposed by Section 415 of Title 26 of the United States Code.

(b)The amount of compensation that is taken into account in computing benefits under this part for a plan year shall not exceed the annual compensation limit applicable to that plan year in accordance with Section 401(a)(17) of Title 26 of the United States Code as that section read on the effective date of this section and as that section may be amended after that date. The determination of compensation for a 12-month period shall be subject to the annual compensation limit in effect for the calendar year in which the 12-month period begins. In a determination of average compensation over more than one 12-month period, the amount of compensation taken into account for each 12-month period shall be subject to the respective annual compensation limit applicable to that period.

…

Legislative history

Amended by Stats. 2024, Ch. 117, Sec. 6. (AB 2770) Effective January 1, 2025.