TITLE

Lawmakers consider changes to cash balance plan regulations

AUTHOR(S)

Hofmann, Mark A.; Geisel, Jerry

PUB. DATE

April 2003

SOURCE

Business Insurance;4/14/2003, Vol. 37 Issue 15, p4

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article focuses on various activities related to cash balance plan legislative in the United States. The withdrawal of parts of Treasury Department-proposed rules that would have increased the likelihood of plans failing nondiscrimination tests in situations where employees may choose between an existing pension plan and a new cash balance plan. Hearings by the Treasury Department and Internal Revenue Service on the cash balance and other pension plan nondiscrimination rules. At the IRS/Treasury hearing, Representative Bernard Sanders said changing pension systems to cash balance from traditional defined benefit systems was simply "unacceptable."

ACCESSION #

9642066

Tags: LEGISLATIVE bills;  EMPLOYEE fringe benefits;  CASH balance pension plans

 

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