Cash Balance Pension Plans: Selected Legal Issues Metadata
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Title
- Main Title Cash Balance Pension Plans: Selected Legal Issues
Creator
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Author: Lunder, ErikaCreator Type: PersonalCreator Info: American Law Division
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Author: Staman, JenniferCreator Type: PersonalCreator Info: American Law Division
Publisher
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Name: Library of Congress. Congressional Research Service.Place of Publication: Washington D.C.
Date
- Creation: 2005-07-29
Language
- English
Description
- Content 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 Department that addresses them, and relevant legislation introduced in the 109th Congress (H.R. 2830 and S. 1304).
- Physical Description: 6 pages.
Subject
- Legislative Indexing Vocabulary: Pensions
- Legislative Indexing Vocabulary: Pension funds - Law
Collection
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Name: Congressional Research Service ReportsCode: CRSR
Institution
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Name: UNT Libraries Government Documents DepartmentCode: UNTGD
Resource Type
- Report
Format
- Text
Identifier
- CRS Report Number: RS22214
- Accession or Local Control No: RS22214 2005-07-29
- Archival Resource Key: ark:/67531/metacrs7355