Current employees will maintain traditional pension coverage, while new hires will get a cash balance pension plan
and an enhanced 401(k) savings plan that protects them if they change employers.
He has performed internal financial reviews and is responsible for the development of financial, HR and organization policies and procedures, corporate risk management, ownership transition plans and the implementation of a Cash Balance Pension Plan
Final regulations for acceptable ways employers can add interest to employees' cash balance pension plan
accounts were listed as a priority in the agency's 2011 through 2012 Priority Guidance Plan.
typical cash balance pension plan
does not discriminate on the basis of
A cash balance pension plan
is a qualified defined benefit plan that provides for annual employer contributions at a specified rate to hypothetical individual accounts that are set up for each plan participant.
Copeland, 2003, Cash Balance Pension Plan
Conversions and the New Economy, Working Paper, Federal Reserve Board, October.
While public pension funds have not been particularly active in the recent surge in cash balance pension plan
conversions, there are signs suggesting that some level of interest might be developing.
announced the addition of 2012 Cycle A Cash Balance Pension Plan
For example, changes in IBM's pension liability from a proposed cash balance pension plan
change initially resulted in a 7 percent ($184 million) contribution to IBM's 1999 operating income, with $11.
So, for example, if your firm is moving to a cash balance pension plan
, you can provide the requisite information and worksheets to guide your workers toward informed decisions.
In a cash balance pension plan
, an individual "account" is established for each plan participant.