Section 47-1-82 - Maximum annual additions and maximum benefit payable limited to that allowed by federal law

Notwithstanding any other provisions of this title to the contrary, the maximum annual additions and maximum benefit payable to any active or retired member or beneficiary of a public retirement or pension system subject to this title shall be limited to such extent as may be necessary to conform to the requirements of subsections (b) and (c) of Section 415 of the federal Internal Revenue Code for a qualified retirement plan.Amended by 2014 Ga. Laws 521,§ 1, eff. 7/1/2014.Amended by 2010 Ga. Laws 681,§ 64, eff. 7/1/2010.Amended by 2010 Ga. Laws 457,§ 3, eff. 5/24/2010.Amended by 2009 Ga. Laws 275,§ 7, eff. 5/11/2009.Amended by 2005 Ga. Laws 103,§ 2, eff. 7/1/2005.