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Seventh Circuit Harmonizes Cash Balance Plan Conversion Law
Workplace Prof Blog Link to more items from this source
Aug. 9, 2006
Excerpt: After the Eastern District of Pennsylvania found in Register v. PNC Financial Services Group, Inc., No. 04-CV-6097 (11/21/05), that the conversion of PNC's traditional defined benefit plan to a cash balance plan did not violate the age discrimination provisions of ERISA Section 204(b)(1)(H), it appeared that there was a developing conflict between various courts about whether such conversions were in fact age discriminatory.

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