Legal issues in cash balance pension plan conversions.
Replacing a traditional pension with a cash balance plan raises a number of complicated and unsettled legal issues, including the protection of accrued benefits, the rate of benefit accrual, age discrimination and notice requirements. This article discusses those issues and concludes that routine conversions to cash balance plans appear to be legal both currently and into the foreseeable future.
University of Oklahoma College of Law, USA.
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D000367:Age Factors; D019461:Employee Retirement Income Security Act; D005376:Financial Management / Q000331:legislation & jurisprudence*; D006801:Humans; D010415:Pensions; D012179:Retirement / Q000191:economics / Q000331:legislation & jurisprudence; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D014481:United States