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Proposed IRS Regs Are Balanced Response to Cash Balance Plans
Alvin D. Lurie
[Opinion] Jan. 17, 2003
Excerpt: Like a breath of spring air amidst the wintry blasts of December, the IRS proposed new rules for cash balance plans in mid-December that, if adopted, promise to thaw the deep freeze in which cash balance pension plans have been captured for the past three years, ever since the employees of IBM, using the company's vaunted intranet system, unleashed a storm of protest against the proposed conversion of the IBM defined benefit plans into cash balance plans.
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