Reductions
(i) In general
(i)In general#
The Secretary shall prescribe regulations requiring the reduction of the ¾ percentage factor under subparagraph (A) or (B)—
(I) in the case of a plan other than an offset plan which has an integration level in excess of covered compensation, or
(II) with respect to any participant in an offset plan who has final average compensation in excess of covered compensation.
(i)(I)#
in the case of a plan other than an offset plan which has an integration level in excess of covered compensation, or
(i)(II)#
with respect to any participant in an offset plan who has final average compensation in excess of covered compensation.
(ii)Basis of reductions#
Any reductions under clause (i) shall be based on the percentages of compensation replaced by the employer-derived portions of primary insurance amounts under the Social Security Act for participants with compensation in excess of covered compensation.