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Cash Balance Interest Credits that Stop at Early Retirement Age Do Not Violate the Prohibition Against Reducing Benefit Accruals on Account of Age
Deloitte via BenefitsLink.com [Guidance Overview] Mar. 29, 2011
The court held that the formula at issue did not violate ERISA ? 204(b)(1)(H)(i) - which prohibits a defined benefit plan from reducing an employee's benefit accruals because of the attainment of any age - because it determined the interest credits were not benefit accruals in this specific situation.
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