Guest debbiejim Posted July 14, 1999 Share Posted July 14, 1999 My employer effective 12/31/98 switched our defined benefit plan to a cash balance plan. Prior to the conversion they amended the plan to provide for the GATT rate to be used for those employees under 50 rather the PBGC rate as called for in the current plan document. The amendment was effective Nov. 1, l998. I'm 49 years old with over 30 years of service - is what they did legal? It would appear to be a violation of ERISA to discriminate based on age. Link to comment Share on other sites More sharing options...
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