{
  "id": "RL33004",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RL33004",
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  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
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      "id": 345592,
      "date": "2009-03-09",
      "retrieved": "2016-04-07T02:41:23.457060",
      "title": "Cash Balance Pension Plans and Claims of Age Discrimination",
      "summary": "Both federal courts and Congress have recently addressed the issue of whether cash balance pension plans violate federal laws that prohibit age discrimination. The relevant age discrimination provisions are found in the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code (IRC), and the Age Discrimination in Employment Act (ADEA). Two primary claims have been made: (1) that cash balance plans inherently violate the age discrimination provisions because the rate of benefit accrual is decreased on account of age and (2) that the conversion of traditional defined benefit plans to cash balance plans violates the ADEA because of the negative impact on older workers.\nWhile certain district court decisions have held that cash balance plans violate the age discrimination provisions, all appellate courts to evaluate this issue have found that the plans are not age discriminatory. In a case that has received significant attention, Cooper v. IBM Personal Pension Plan, 457 F.3d 636 (7th Cir. 2006), the Seventh Circuit reversed one of the district courts and found that IBM\u2019s cash balance plan did not violate ERISA\u2019s age discrimination provision.\nThe Pension Protection Act of 2006 (P.L. 109-280) sets out new standards that a cash balance plan must meet in order to comply with the age discrimination provisions. These new standards apply only to periods beginning on or after June 29, 2005, and leave the age discrimination issue unsettled under prior law.\nThis report describes cash balance plans, discusses the claims that cash balance plans do and do not violate the pre-Act age discrimination provisions, and provides an overview of the Pension Protection Act, as it applies to this issue.",
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc814995/",
      "id": "RL33004_2008Jan30",
      "date": "2008-01-30",
      "retrieved": "2016-03-19T13:57:26",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc807213/",
      "id": "RL33004_2005Dec05",
      "date": "2005-12-05",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Cash Balance Pension Plans and Claims of Age Discrimination",
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      "topics": []
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc810848/",
      "id": "RL33004_2005Oct06",
      "date": "2005-10-06",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Cash Balance Pension Plans and Claims of Age Discrimination",
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc812155/",
      "id": "RL33004_2005Jul01",
      "date": "2005-07-01",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Cash Balance Pension Plans and Claims of Age Discrimination",
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  ],
  "topics": [
    "Domestic Social Policy"
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}