Hi all. My husband is 47 and has worked for Duke Energy for 27 years.The company switched to a Cash Balance Plan and there is alot of controversy going on about it. It seems to help the younger and older employees near retirement but makes it very unattractive to the workers my husbands age to take an early retirement at 55. Now he has to stay to 62 to really make enough after retirement. However, if he leaves the company he takes it with him (into an IRA or other company plan) or upon his death it will be left to his famiy.The the old plan he would collect as an annuity until his death and then it would revert back to the company. My question is: Does anyone know a formula of how to calculate the difference he would have received under the old plan? And does anyone really know anything about the Cash Balance Plan? He wasn't given a choice. It would be more benefical if the plan allowed the employees to use this money to invest as they saw fit instead of taking the average 6% from the 30 year bond. Any comments welcome.Thanks. Please feel free send email.