§ 5.23.025. Limitation on Compensation and Eligible Earnings.

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Notwithstanding any provision in the Plan to the contrary or any other law, for any Eligible Employee who becomes a Participant in this Plan on or after January 1, 1996, the annual Compensation and Eligible Earnings taken into account for all purposes under the Plan shall be limited to $150,000.00 as adjusted for the calendar year to reflect increases in the cost-of-living in accordance with Code Sections 401(a)(17)(B) and 415(d).

(Ord. 2001-0097 § 2 (part), 2001.)

                    
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