§ 5.26.035. Limitation on Compensation and Eligible Earnings.

A.

For Plan Years beginning before January 1, 2002 and 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).

B.

For Plan Years beginning on or after January 1, 2002, and 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 $200,000.00 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). All County Contributions calculated as a percentage of Compensation or Eligible Earnings shall cease for a Plan Year when a Participant's aggregate Compensation or Eligible Earnings, as applicable, reaches this dollar limit.

(Ord. 2014-0017 § 15, 2014; Ord. 2004-0064 §§ 1, 2 (part), 2004.)