Illinois Statutes
§ 7-224 — Section 415 limitations
Illinois § 7-224
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 7 - Illinois Municipal Retirement Fund
This text of Illinois § 7-224 (Section 415 limitations) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Ill. Comp. Stat. 7-224 (2026).
Text
Notwithstanding any other provisions of this Article, the combined benefits and contributions provided to any participating employee by all plans of any participating municipality and its instrumentalities and any participating instrumentality shall not exceed the limitations specified in Section 415(b), (c), and (e) of the Internal Revenue Code of 1986. If a participating employee's benefits or contributions under this Article, combined with those under any other plan of the participating municipality and its instrumentalities or participating instrumentality, would otherwise violate those limitations, the benefits and contributions under the other plan shall be reduced, rather than the benefits and contributions provided under this Article. To the extent that the other plan fails to limi
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Legislative History
(Source: P.A. 91-887, eff. 7-6-00.)
Nearby Sections
15
§ 7-101
Creation of fund§ 7-102
Purpose§ 7-103
Terms defined§ 7-104
Fund§ 7-105
§ 7-105§ 7-106
Participating municipality§ 7-107
Instrumentality§ 7-109
Employee§ 7-109.1
§ 7-109.1§ 7-109.2
§ 7-109.2§ 7-109.4
Tier 1 regular employee§ 7-109.5
Tier 2 regular employee§ 7-110
Participating employeeCite This Page — Counsel Stack
Bluebook (online)
Illinois § 7-224, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/7-224.