Reduction for participation or service of less than 10 years
(A) Dollar limitation
(A)Dollar limitation#
In the case of an employee who has less than 10 years of participation in a defined benefit plan, the limitation referred to in paragraph (1)(A) shall be the limitation determined under such paragraph (without regard to this paragraph) multiplied by a fraction—
(i) the numerator of which is the number of years (or part thereof) of participation in the defined benefit plan of the employer, and
(ii) the denominator of which is 10.
(A)(i)#
the numerator of which is the number of years (or part thereof) of participation in the defined benefit plan of the employer, and
(A)(ii)#
the denominator of which is 10.
(B)Compensation and benefits limitations#
The provisions of subparagraph (A) shall apply to the limitations under paragraphs (1)(B) and (4), except that such subparagraph shall be applied with respect to years of service with an employer rather than years of participation in a plan.
(C)Limitation on reduction#
In no event shall subparagraph (A) or (B) reduce the limitations referred to in paragraphs (1) and (4) to an amount less than ⅒ of such limitation (determined without regard to this paragraph).
(D)Application to changes in benefit structure#
To the extent provided in regulations, subparagraph (A) shall be applied separately with respect to each change in the benefit structure of a plan.