<nobr>Feb 18, 2004</nobr>

Cash Balance Issue Brief: "Understanding Cash Balance Plans"

For workers and employers in new and changing industries, and for those employees who do not anticipate a single career with one employer but who still value retirement security, the traditional defined benefit plan design has given way to cash balance and similar "hybrid" defined benefit pension plans.

This paper gives an overview of cash balance and other hybrid plans offered by employers. It identifies the issues in the present debate and describes why many employers have shifted from traditional defined benefit plan designs.

Text Files:

Click here to view the issue brief

Appendix on Pension Equity Plans

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