s 372.4 Benefit amount.

Published: 2021-01-31

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A participant in the plan shall receive a monthly benefit equal to the difference between the participant's monthly retirement benefit otherwise payable from the system prior to any reduction or limitation because of code section 415 and the actual monthly retirement benefit payable from the system as limited by code section 415. The monthly benefit shall be subject to withholding for any applicable income or employment taxes.