Question
Asked Jul 9, 2019
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Summarize two concerns regarding cash balance plans.

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Expert Answer

Step 1

Cash-balance plans

The cash-balance plan refers to the pension plans where the employees’ account is credited with compensation plus interest charges by the employer. Cash-balance plans is an alternative to the traditional pension plans adopted by some companies and government to freezing struggling pensions

Step 2

Major concern with the cash-balance plans are as follows;

  • Decreased benefits for older worker

Employees who are highly suffering from this problem are those who are near to the retirement in mid-carrier. Employees who pay ...

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