Pre-ERISA money purchase plan
For purposes of this subsection, the term “pre-ERISA money purchase plan” means a pension plan—
(A)#
which is a defined contribution plan (as defined in section 414(i)),
(B)#
which was in existence on June 27, 1974 , and which, on such date, included a salary reduction arrangement, and
(C)#
under which neither the employee contributions nor the employer contributions may exceed the levels provided for by the contribution formula in effect under the plan on such date.