§ 5-1-402. Limitation on calculation of annual basic pay.

   The amount of annual basic pay utilized to compute a pension benefit shall not exceed the dollar limit under § 401(a)(17) of the Internal Revenue Code as adjusted for cost-of-living increases in accordance with § 401(a)(17) of the Internal Revenue Code.

(1985 Code, Art. 7, § 1-402) (Bill No. 90-01; Bill No. 92-08)