Effect of COLA with a Lump Sum Component on 415(b) Testing

Section 4445.230  Effect of COLA with a Lump Sum Component on 415(b) Testing On and after January 1, 2009, with respect to a member who receives a portion of the member's annual benefit in a lump sum, a member's applicable limit will be applied taking into consideration cost of living increases as required by IRC section 415(b) and applicable Treasury Regulations (26 CFR 1.415(b)).