Cash Balance Pension Plans: Selected Legal Issues
Description:
Over the past few years, cash balance pension plans have received significant attention. In particular, three issues have been controversial: the negative effect of a plan conversion on older employees due to wear-away, the whipsaw effect that may occur when computing a lump-sum payment of benefits prior to normal retirement age, and the claim that these plans violate federal laws prohibiting age discrimination. This report discusses the wear-away and whipsaw issues, a proposal by the Treasury …
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Date:
July 29, 2005
Creator:
Lunder, Erika & Staman, Jennifer
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department