Section 2700.430  Basic Annual Limitation

The maximum amount of the Annual Deferral under the Plan for any calendar year shall not exceed the lesser of the Applicable Dollar Amount or the Participant's Includible Compensation for the calendar year.  The Applicable Dollar Amount in calendar year 2005 is $14,000; and in 2006, or after, the Applicable Dollar Amount is $15,000, adjusted for cost-of-living after 2006 to the extent provided under section 415(d) of the Code.

(Source:  Amended at 30 Ill. Reg. 8408, effective April 21, 2006)