means, with respect to an employee, such employee’s first plan year of eligibility under the arrangement, and all subsequent plan years of eligibility. (II) Exception Following any applicable year of the employee (determined after the application of this subclause), the plan may elect to treat the next one or two plan years as not being applicable years with respect to such employee. (D) Elective contributions (i) In general The requirements of this subparagraph are met if under the plan containing the arrangement— (I) the only contributions which may be made are elective contributions of employees who are eligible to participate in the arrangement, and (II) the aggregate amount of such elective contributions which may be made with respect to any employee for any calendar year shall not exceed $8,000. (ii) Cost of living adjustment In the case of any calendar year beginning after December 31, 2018, the $8,000 amount under clause (i) shall be adjusted in the same manner as cost of living adjustments are made under section 402(g)(4), except that 2017 shall be substituted for 2005 . (iii) Cross reference For catch-up contributions for individuals age 50 or over, see section 414(v). . (b) Catch-Up contributions for individuals age 50 and over (1) Clause (i) of section 414(v)(2)(B) of such Code is amended by inserting , 401(k)(14), after 401(k)(11) . (2) Section 414(v)(2)(B) of such Code is amended by adding at the end thereof the following clause: (iii) in the case of an applicable employer plan described in section 401(k)(14), the applicable dollar amount is $1,000. . (3) Section 414(v)(2)(C) of such Code is amended by— (A) by striking (B)(i) and and inserting (B)(i), and by inserting after subparagraph (B)(ii) the following: , and the $1,000 amount described in subparagraph (B)(iii) , and (B) inserting after 2005 the following: (the calendar quarter beginning July 1, 2017, in the case of the $1,000 amount described in subparagraph (B)(iii)) . (c) Simplified reporting Section 104(a)(2)(A) of the Employee Retirement