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| Author: | Arcady, A. Mellors, F. |
| Title: | Cash balance conversions |
| Journal: | Journal of Accountancy
2000 : FEB, VOL. 189:2, p. 22-30 |
| Index terms: | CASH MANAGEMENT BALANCE OF PAYMENTS COMPANIES |
| Language: | eng |
| Abstract: | Wishing to attract younger talent and control costs, companies have been redesigning their defined benefit pension plans. An estimated 16% of Fortune 100 companies have switched to a so-called cash balance formula. Some of the new cash balance plans allow employees to take lump-sum distributions. This appeals to the typical member of today's younger and increasingly mobile workforce, who may not stay with a company long enough to enjoy the full benefits of a traditional pension plan. |
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