Except as provided for in §§ 3-13-65 and 3-13-66 , a participant may not defer more in any plan year than the lesser of: (1) The applicable dollar amount associated with a particular year pursuant to § 457(e)(15)(A) of the Internal Revenue Code, as indexed after 2006 pursuant to § 457(e)(15)(B) of the Internal Revenue Code; or (2) One hundred percent of the participant's includible compensation.
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