Notwithstanding any other provisions of this plan, the annual additions to each member’s individual account under this plan and under all defined contribution plans of the employer required to be aggregated with the contributions from this plan under the provisions of 26 U.S.C. § 415 may not exceed, for any limitation year, the amount permitted under 26 U.S.C. § 415(c) at any time. If the amount of a member’s individual account contributions exceeds the limitation of 26 U.S.C. § 415(c) for any limitation year, the administrator shall take any necessary remedial action to correct an excess contribution. A fixed benefit provided under this plan may not exceed, for or during a limitation year, the amount permitted under 26 U.S.C. § 415(b). If a fixed benefit provided under this plan exceeds, for or during a limitation year, the amount permitted under 26 U.S.C. § 415(b), the administrator shall take remedial action necessary to comply with the limits on the benefit amount in 26 U.S.C. § 415(b). The provisions of 26 U.S.C. § 415, and the regulations adopted under that statute, as applied to qualified plans of governmental employees are incorporated as part of the terms and conditions of the plan.