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Legal issues in cash balance pension plan conversions
1University of Oklahoma College of Law, USA.
Benefits Quarterly
|March 22, 2001
Abstract:
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.