PUBLIC LAW 107-16-JUNE 7, 2001 115 STAT. 97 (B) in paragraph (3)(A)— (i) by striking "$90,000" in the heading and inserting "$160,000 "; and (ii) by striking "October 1, 1986" and inserting "July 1, 2001". (5) CONFORMING AMENDMENTS. — (A) Section 415(b)(2) is amended by striking subpara- 26 USC 415. graph (F). (B) Section 415(b)(9) is amended to read as follows: "(9) SPECIAL RULE FOR COMMERCIAL AIRLINE PILOTS.— "(A) IN GENERAL.— Except as provided in subparagraph (B), in the case of any participant who is a commercial airline pilot, if, as of the time of the participant's retirement, regulations prescribed by the Federal Aviation Administration require an individual to separate from service as a commercial airline pilot after attaining any age occurring on or after age 60 and before age 62, paragraph (2)(C) shall be applied by substituting such age for age 62. "(B) INDIVIDUALS WHO SEPARATE FROM SERVICE BEFORE AGE 60. —I f a participant described in subparagraph (A) separates from service before age 60, the rules of paragraph (2)(C) shall apply. ". (C) Section 415(b)(10)(C)(i) is amended by striking "applied without regard to paragraph (2)(F)". (b) DEFINED CONTRIBUTION PLANS.— (1) DOLLAR LIMIT.— Subparagraph (A) of section 415(c)(1) (relating to limitation for defined contribution plans) is amended by striking "$30,000 " and inserting "$40,000". (2) COST-OF-LIVING ADJUSTMENTS.—Subsection (d) of section 415 (related to cost-of-living adjustments) is amended— (A) by striking "$30,000" in paragraph (1)(C) and inserting "$40,000"; and (B) in paragraph (3)(D)— (i) by striking "$30,000" in the heading and inserting "$40,000"; and (ii) by striking "October 1, 1993" and inserting "July 1, 2001". (c) QUALIFIED TRUSTS.— (1) COMPENSATION LIMIT.—Sections 401(a)(17), 404(1), 408(k), and 505(b)(7) are each amended by striking "$150,000" each place it appears and inserting "$200,000". (2) BASE PERIOD AND ROUNDING OF COST-OF-LIVING ADJUST- MENT. —Subparagraph (B) of section 401(a)(17) is amended— (A) by striking "October 1, 1993" and inserting "July 1, 2001"; and (B) by striking "$10,000" both places it appears and inserting "$5,000". (d) ELECTIVE DEFERRALS.— (1) IN GENERAL. —Paragraph (1) of section 402(g) (relating to limitation on exclusion for elective deferrals) is amended to read as follows: "(1) IN GENERAL.— " (A) LIMITATION.— Notwithstanding subsections (e)(3) and (h)(1)(B), the elective deferrals of any individual for any taxable year shall be included in such individual's
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