{
  "id": "RS22214",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS22214",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 340805,
      "date": "2008-05-16",
      "retrieved": "2016-04-07T03:25:20.107699",
      "title": "Cash Balance Pension Plans: Selected Legal Issues",
      "summary": "Over the past few years, cash balance pension plans have received significant congressional and public attention. Issues that have been controversial include the negative effect of a plan conversion on older employees due to wear-away, the whipsaw effect that may occur when computing a lump-sum payment of benefits prior to normal retirement age, and the practice of providing the \u201cgreater of\u201d benefit to plan participants as part of a conversion to a cash balance plan. This report provides an overview of these issues and a discussion of how the Pension Protection Act (P.L. 109-280), as well as IRS guidance, affect them.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
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          "url": "http://www.crs.gov/Reports/RS22214",
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          "url": "http://www.crs.gov/Reports/pdf/RS22214",
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      "topics": []
    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs7355/",
      "id": "RS22214 2005-07-29",
      "date": "2005-07-29",
      "retrieved": "2005-09-27T14:46:44",
      "title": "Cash Balance Pension Plans: Selected Legal Issues",
      "summary": "Over the past few years, cash balance pension plans have received significant attention. In particular, three issues have been controversial: the negative effect of a plan conversion on older employees due to wear-away, the whipsaw effect that may occur when computing a lump-sum payment of benefits prior to normal retirement age, and the claim that these plans violate federal laws prohibiting age discrimination. This report discusses the wear-away and whipsaw issues, a proposal by the Treasury Department that addresses them, and relevant legislation introduced in the 109th Congress (H.R. 2830 and S. 1304).",
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
      "formats": [
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          "format": "PDF",
          "filename": "files/20050729_RS22214_f0edcd8af066b09b7e193d8e970838f15483803e.pdf"
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        {
          "format": "HTML",
          "filename": "files/20050729_RS22214_f0edcd8af066b09b7e193d8e970838f15483803e.html"
        }
      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Pensions",
          "name": "Pensions"
        },
        {
          "source": "LIV",
          "id": "Pension funds - Law",
          "name": "Pension funds - Law"
        }
      ]
    }
  ],
  "topics": [
    "Domestic Social Policy"
  ]
}