Ill. Admin. Code tit. 50 § 4440.180

Current through Register Vol. 48, No. 52, December 27, 2024

Section 4440.180 - Benefits Not Taken into Account for 415(b) Limit

For purposes of this Section, the following benefits shall not be taken into account in applying these limits:

a) Any ancillary benefit that is not directly related to retirement income benefits;

b) That portion of any joint and survivor annuity that constitutes a qualified joint and survivor annuity;

c) Any other benefit not required under IRC section 415(b)(2) and related Treasury Regulations ( 26 CFR 1.415(b)) to be taken into account for purposes of the limitation of IRC section 415(b)(1).

Ill. Admin. Code tit. 50, § 4440.180