12/29/2004: Overview: Cash Balance Litigation Trend Continues (Watson Wyatt Worldwide)
Excerpt: "The wave of litigation against cash balance plans continues. A new lawsuit against the Bank of America's (BoA) cash balance plan alleges age discrimination and makes a variety of other claims based on the plan's unique design and features. And an appellate court has ruled that, in Cigna's conversion to a cash balance plan, Cigna violated ERISA's anti-cutback rule by adopting a plan amendment near the end of the plan year that became effective as of the beginning of the plan year."
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