UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: KGWood One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Cash Balance Pension Date: 8/20/1999 2:23 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My wife's employer converted their defined benefit pension to a "Cash Balance" plan earlier this year. Though we'd like to think we know a thing or two about investing and retirement planning, etc..., we're really baffled as to the in'-and-out's of this new type of pension plan. She now gets a quarterly statement from her employer that shows, in big bold print (of course), a dollar amount that I guess is the "cash balance". What does this "cash balance" really represent?

What happens if she were to leave that employer (not through a retirement, though)? Does she get that dollar amount in a lump sum - almost like a 401k rollover?

As you can probably tell, the information provided by her employer is not helpful. Any web sights out there that may be helpful?

All info. is greatly appreciated.

Thanks

Ken
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement