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2001 -62 or anv subseauent Revenue Rulina modifvincL the <br />applicable provisions of Revenue Ruling 2001 -621. and (ii) for year <br />after December 31. 2008, the applicable mortality tables described in <br />section 417(e)(3)(B) of the code (Notice 2008 -85 or any subsequent <br />Internal Revenue Service guidance implementing section <br />417(e)(3)(B) of the code): or <br />c. The annual amount of the straight life annuity commencing at the <br />annuity starting date that has the same actuarial present value as the <br />particular form of benefit payable (computed using the applicable <br />interest rate for the distribution under Treasury Regulation Section <br />1.417(e) -1 (d)(3) (the 30 -year Treasury rate (prior to January 1.2007. <br />using the rate in effect for the month prior to retirement, and on and <br />after January 1. 2007, using the rate in effect for the first day of the <br />plan year with a one -year stabilization period)) and (i) for years prior <br />to January 1. 2009, the applicable mortality tables for the distribution <br />under Treasury Regulation Section 1.417(e)- 1(d)(2) (the mortality <br />table specified in Revenue Ruling 2001 -62 or any subsequent <br />Revenue Ruling modifying the applicable provisions of Revenue <br />Ruling 2001 -62). and (ii) for years after December 31. 2008. the <br />applicable mortality tables described in section 417(e)(3)(B) of the <br />code (Notice 2008 -85 or any subsequent Internal Revenue Service <br />guidance implementing section 417(e)(3)(B) of the code), divided by <br />1.05. <br />The actuary may adjust the 415(bl limit at the annuity starting date in <br />accordance with subsections (1) and (2) above. <br />(c) Benefits Not Taken into Account. For purposes of this Section, the <br />following benefits shall not be taken into account in applying these limits: <br />Ordinance 13 -1394 <br />Page 7 <br />