Special rules for permanent and total disability
In the case of a participant in any defined contribution plan—
(i)#
who is permanently and totally disabled (as defined in section 22(e)(3)),
(ii)#
who is not a highly compensated employee (within the meaning of section 414(q)), and
(iii)#
with respect to whom the employer elects, at such time and in such manner as the Secretary may prescribe, to have this subparagraph apply,
the term “participant’s compensation” means the compensation the participant would have received for the year if the participant was paid at the rate of compensation paid immediately before becoming permanently and totally disabled. This subparagraph shall apply only if contributions made with respect to amounts treated as compensation under this subparagraph are nonforfeitable when made. If a defined contribution plan provides for the continuation of contributions on behalf of all participants described in clause (i) for a fixed or determinable period, this subparagraph shall be applied without regard to clauses (ii) and (iii).