New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 6 - DEFINED CONTRIBUTION RETIREMENT PROGRAM
Subchapter 5 - CONTRIBUTIONS TO THE RETIREMENT PLAN
Section 17:6-5.7 - Contributions limited by IRC 401(a)(17)
Universal Citation: NJ Admin Code 17:6-5.7
Current through Register Vol. 56, No. 6, March 18, 2024
In addition to other applicable limits stated by the Retirement Plan and notwithstanding any other provision of this chapter to the contrary, the amount of base salary or compensation determined for the purposes of the contributions to the Retirement Plan for any calendar year shall not exceed the limit prescribed by IRC § 401(a)(17) for the calendar year in which the Plan Year begins, as adjusted each calendar year according to IRC § 401(a)(17)(B).
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