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With the Second Circuit's Recent Cash Balance Decision in Favor of Plan Sponsors, It's All In The Family On Foley Square
Alvin D. Lurie
[Guidance Overview] Aug. 14, 2008
Excerpt: The 2nd Circuit just resolved a family squabble among its district court judges ... involving an age discrimination issue that has had the pension community across the country in a tumult for 5 years. The appeals court affirmed the judgments of two courts of the Southern District of New York that had ruled that the cash balance plans at issue were not age discriminatory[.]
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