House Instructs Its Conferees on Cash Balance Plans

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House Instructs Its Conferees on Cash Balance Plans
Blogging Employee Benefits

Apr. 7, 2006

Excerpt: [B]y a vote of 248-178, the House has instructed its conferees on the pension bill to accept the Senate's version of the cash balance plan provisions, which reflect Administration positions on safeguards needed against benefit wearaway in the conversion of a traditional defined benefit plan to a cash balance plan.

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