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cash balance plan

   Also found in: Wikipedia 0.03 sec.
cash balance plan
A qualified employer pension plan in which the employer guarantees a contribution level and minimum rate of return.
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Court of Appeals ruling that IBM's cash balance plan did not discriminate against older workers, the law clears the way for adoption of these part-pension, part-savings plans.
Retirement plan strategies: finding the right balance; Expert advice ... by de Mesa Graziano, Cheryl / Financial Executive
In recent years, classification and measurement of pensions have been complicated by the growth of pension arrangements that combine aspects of both types of plans--particularly defined benefit plans with a specified cash settlement option in lieu of regular retirement payments, such as in a cash balance plan.
Board begins 2004 Survey of Consumer Finances by Federal Reserve Bulletin
Benefits under the cash balance plan build up quickly in the early years and much more slowly near retirement age, making these plans more advantageous for employees with multiple jobs over their career.
Variation of Employee Benefit Costs by Age by Rappaport, Anna / Social Security Bulletin
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