Pension plan designs and methods for eliminating potentially age discriminatory accruals from cash balance pension plans

摘要

Defined benefit pension plans wherein an accrued benefit is capable of satisfying accrual rules of Internal Revenue Code Section 411(b)(1) using the 133 1/3% rule of subparagraph B, that incorporate particular pension plan design components, and methods for reducing exposure to civil liability based on provisions of the Employee Retirement Income Security Act (ERISA) and/or the Internal Revenue Code (IRC) relating to age discrimination that is associated with funding defined benefit pension plans, including cash balance plans, by employing the novel plan designs.