The company I work for is converting our traditional defined benefit plan to a cash balance arrangement. We will be provided comparisons of expected retirement benefits under each plan as well as other data. We must make an irrevocable one time election to remain in the old plan or convert to the new plan. I'm a new Fool... is anyone aware of sites or other sources of information that outlines the pro's and con's of a cash balance plan? The current plan has a large surplus. What is the benefit to the company for this conversion/ I'm approaching mid career (just under 40 and under 20 years of service)so I want to be sure I have as much information I can get to help me decide. Thanks all!!!jmcc
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