§ 5-7 Compensation limit.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 22A, § 5-7 (2026)
§ 5-7 Compensation limit.LinkCopy Citation
Pursuant to IRC § 401(a)(17) and the regulations adopted under that section, the annual compensation of each member taken into account in determining the amount of contributions under the Retirement Savings Plan may not exceed $200,000, as adjusted by cost-of-living increases under IRC § 415(d).
History: Ord. 14-216