annual benefit
Defined in 1 place of the United States Code.
For purposes of paragraph (1), the term “annual benefit” means a benefit payable annually in the form of a straight life annuity (with no ancillary benefits) under a plan to which employees do not contribute and under which no rollover contributions (as defined in sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3), and 457(e)(16)) are made.
Source
- 2001–present26 U.S.C. § 415Internal Revenue Code · Limitations on benefits and contribution under qualified plans · in this section
For purposes of paragraph (1), the term “annual benefit” means a benefit payable annually in the form of a straight life annuity (with no ancillary benefits) under a plan to which employees do not contribute and under which no rollover contributions (as defined in sections 402(c), 403(a)(4), and 408(d)(3)) are made.
Source
- 1994–200126 U.S.C. § 415Internal Revenue Code · Limitations on benefits and contribution under qualified plans · in this section