No. of Recommendations: 0
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
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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 Glassdoor #1 Company to Work For 2015! 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