Jump to content
Sign in to follow this  

Accrued Benefit in Cash Balance Plan

Recommended Posts

If say a 45 year old person has a cash balance account of $100,000, is that what the lump sum would be if he terminated? Or do you have to project account to 65, convert to an annuity and then determine lump sum of the annuity? And if he wanted to receive an annuity at 65, would the account be credited with interest (based on current year rates) to age 65 and then converted to an annuity?

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Create New...