United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1342

This section defines key terms used for an excess benefit plan.

retirement benefit definitions

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“This section defines key terms used for an excess benefit plan.”

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RS 11:1342

This section defines key terms used for an excess benefit plan.

Section 11:1342

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§ 11:1342RS 11:1342Interpretation

This section defines key terms used for an excess benefit plan.

§1342. Definitions All definitions provided in R.S. 11:1301 are applicable to this excess benefit plan unless a different definition is provided in this Part, or the context in which a term is used in this Part indicates a different meaning. (1) "Excess benefit participant" means any member whose retirement benefit as determined on the basis of all qualified plans without regard to the limitations of R.S. 11:1336 and comparable provisions of other qualified plans of the employer would exceed the maximum benefit permitted under Section 415 of the Internal Revenue Code. (2) "Maximum benefit" means the retirement benefit a member is entitled to receive pursuant to the provisions of this Chapter in any month after giving effect to R.S. 11:1336 and any similar provisions of any other qualified plans designed to conform to Section 415 of the Internal Revenue Code. (3) "Unrestricted benefit" means the monthly retirement benefit a member, or the spouse, child, or dependent parent of a member, would have received under the terms of all qualified plans of the employer, except for the restrictions of R.S. 11:1336 and any similar provisions of any other qualified plans designed to conform to Section 415 of the Internal Revenue Code. Acts 2003, No. 876, §1, eff. July 1, 2003.
Section 11:1342Verify source

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  • Internal Revenue Code

    Section 11:1342

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