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Time to Reconsider Cash Balance Plans

In the 1990s and early 2000s, many employers looking to control their pension liabilities converted traditional defined benefit pension plans to cash balance plans. Some older employees affected by the change sued, alleging age discrimination. Most suits resolved in favor of employers, and the Pension Protection Act of 2006 affirmed the legitimacy of cash balance plans... [784 word article, June 2011]


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