§ 5-723.01. Maximum Amount of Benefits and Contributions.

Current through October 23, 2012

(a) Benefits and contributions under the provisions of this subchapter shall not be computed with reference to any compensation that exceeds that maximum dollar amount permitted by section 401(a)(17) of the Internal Revenue Code of 1986, as adjusted for increases in the cost-of-living. This provision shall take effect as of October 1, 2002, and shall apply only with respect to an individual who first becomes covered by this subchapter after that date.

(b) Benefits shall not be payable under this subchapter to the extent that they exceed the limitations imposed by section 415 of the Internal Revenue Code of 1986, as adjusted for increases in the cost-of-living.

                
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(Sept. 16, 1916, ch. 433, § 12(n-1), as added Oct. 1, 2002, D.C. Law 14-190, § 3722(a), 49 DCR 6968; Mar. 13, 2004, D.C. Law 15-105, § 40(b), 51 DCR 881.)

HISTORICAL AND STATUTORY NOTES

Effect of Amendments

D.C. Law 15-105, in subsecs. (a) and (b), validated previously made technical corrections.

Legislative History of Laws

For Law 14-190, see notes following § 5-133.19.

For Law 15-105, see notes following § 5-409.01.

References in Text

Section 401(a)(17) of the Internal Revenue Code of 1986, referred to in par. (1), is classified as 26 U.S.C.A. § 401(a)(17).

Section 415 of the Internal Revenue Code of 1986, referred to in par. (2), is classified as 26 U.S.C.A. § 415.

Miscellaneous Notes

Section 3723 of D.C. Law 14-190 provides: "This subtitle [subtitle B of title XXXVII, §§ 3721 to 3724, of D.C. Law 14-190] shall apply as of January 1, 2002."