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Article Index » employee benefits » cash balance plans
Report Link IRS Announces Long-Stalled Determination Letter Process Will Open With Respect to Cash Balance Plans and Provides Other Guidance.
Littler Mendelson, P.C. - January 03, 2007
On January 16, 2007, the Internal Revenue Service will issue Notice 2007-6, announcing that it will begin processing determination letters for cash balance conversions (and for similar account-balance defined benefit plans, now called "statutory hybrid plans").
Report Link Cash Balance Comeback - New Opportunities for Employers in Wake of Court Decision and New Legislation.
Littler Mendelson, P.C. - August 18, 2006
In recent years many employers that maintain traditional defined benefit pension plans have been searching for ways to transform their plans into other types of retirement vehicles. Traditional defined benefit pension plans generally provide a benefit to employees expressed as an annuity at retirement equal to a certain percentage of final average pay (which is usually arrived at by multiplying a participant's years of service by a specified percentage amount).
Report Link Seventh Circuit Reverses IBM Cash Balance Plan Ruling (pdf).
Vedder Price - August 10, 2006
Seventh Circuit Reverses IBM Cash Balance Plan Ruling.

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