Press Release

ASPPA Launches Cash Balance Specialist Credential

Issued by ASPPA [American Society of Pension Professionals & Actuaries]

July 11, 2024

ASPPA is excited to announce that the new Cash Balance Specialist (CBS™) credential has been launched! The formal launch came on July 11.  

Cash balance plans present both challenges and opportunities. The CBS™ credential program is tailored for administrators and sales professionals, and covers vital topics such as eligibility, annual contributions, conversions, accruals, testing, and distribution rules.

The CBS™ credential program is intended to help professionals to tackle the complexities of cash balance plans with confidence, and to equip them with essential skills and knowledge to excel in working with those unique retirement plans.

About the Program

The Cash Balance Specialist credential program is a comprehensive journey into the world of cash balance plans. It is tailored to provide both administrators and sales professionals with the knowledge and practical skills needed to work with these specialized plans. It offers an in-depth exploration of the unique challenges and nuances of these plans.

Through the Cash Balance Specialist credential program, those who pursue the credential will dive into the core aspects of cash balance plans, covering vital topics such as eligibility, annual contributions, conversions, accruals, testing, and distribution rules.

The CBS™ Credential Program is an invaluable tool, ensuring employees navigate the complexities of cash balance plans with confidence and precision.

Benefits of the Designation

• Expertise & Authority: As a CBS™ credential holder, you will become knowledgeable in cash balance plans. Your enhanced understanding will pave the way for increased opportunities and professional development.
• Become a Key Resource: With this specialized skill set, you can serve as an invaluable asset to your organization. Your ability to navigate the complexities of cash balance plans and work effectively with actuaries, and employers positions you as a critical player in the retirement space.
• Open Doors to New Opportunities: The CBS™ credential is not just a certification; it's a steppingstone to further growth. As you expand your expertise in this specialized area, you unlock new possibilities for advanced roles and challenges in your career.

Who Should Enroll in the CBS™ Program? 

The CBS™ Credential Program is ideal for plan consultants, third party administrators (TPAs), and plan administrators who work with cash balance plans.

CBS Bootcamp

ASPPA also is pleased to announce that there will be a CBS bootcamp at the ASPPA Annual Conference this October! More information to follow.

Finding out More

Information about the Cash Balance Specialist (CBS™) credential is here.

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