Yu, 2005, Cash-Balance Plan
Conversions: Evidence on Excise Taxes and Implicit Contracts, Journal of Risk and Insurance, 72: 321-352.
Meanwhile, cash-balance plan
sponsors only recently have received some guidance by the Treasury Department and IRS with respect to issues under the Pension Protection Act of 2006.
A cash-balance plan
is a hybrid pension plan with features of both a defined-benefit plan and a defined-contribution plan.
In each of the specifications, the coefficient on LOGPL is positive, as predicted, and statistically significant, which suggests that firms with larger pension plans are more likely to convert to a cash-balance plan
CP&L's shareholders overwhelmingly rejected a proposal by the Amalgamated Bank of New York Longview Collective Investment Fund to establish a committee of outside directors to review the company's new cash-balance plan
And the lump sum in a cash-balance plan
builds value faster on the front end, compared with a traditional pension in which the balance grows slowly at first and doesn't really gain steam significantly until retirement nears.
The majority opinion, written by Justice Stephen Breyer, found that CIGNA misrepresented the true effect of switching from a defined-benefit plan to a cash-balance plan
Under the regulations, a cash-balance plan
would satisfy the age discrimination rules that also apply to defined-contribution plans as long as the pay credits to an employee's account are not less than the pay credits that would be made if the employee were younger.
CBF is also monitoring the pension and cash-balance plan
accounting frameworks being discussed by the International Accounting Standards Board (IASB).
That was before the company installed a cash-balance plan
to help drive home the save-for-retirement message.
s cash-balance plan
did not discriminate against older workers.
Under the plan - effective from 30 June 2003 - the airline will switch its non-pilot US employees to a cash-balance plan
, which states the retirement benefit as an account balance rather than a monthly payment.