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Congress Opens the Door for the Retirement Program of the Future
October Three Consulting Link to more items from this source
[Guidance Overview]
Dec. 27, 2022

"[M]any cash balance plans were designed with graded pay credits, e.g., 3% of pay until age 40, 4% of pay from age 40 to 55, and 5% of pay thereafter. That was perfectly legal, but the Treasury Regulations caused problems in market-return cash balance plans. Now, we have a legislative fix. The statute is clear in allowing those designs that the Regulations didn't."

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