Cash Balance Pension Plans

Cash Balance Pension Plans,

Cash Balance Pension Plans means,

Cash Balance Pension Plans refers to A type of employee retirement plan that has two distinct features: (1) the employer pays the amount in the plan which is one percent of the employee's annual income, and (2) a fixed return on the plan contribution. The rate promises. As part of the cash balance plan, benefits are always shown as the total balance of the account. Cash pension plans differ from traditional default benefit plans, which, in contrast, allow employees to pay a fixed dollar amount (or intermittently or all of them) over the next few years based on the employee's years of service and income. Promise Retire. Cash balance plans focus on wealth accumulation and portability. On the other hand, traditionally defined benefit schemes aim to encourage employment with the same employer. Significant legal disputes have arisen in recent years as employers have shifted from traditionally defined benefit schemes to cash resettlement-related pension schemes. Older employees who typically receive small benefits from cash compensation plans argue that these plans are discriminatory.

Literal Meanings of Cash Balance Pension Plans

Cash:

Meanings of Cash:
  1. Giving or receiving banknotes or coins with (check or money order).

  2. Money in the form of coins or notes instead of checks, money orders or loans.

  3. Small denomination coins from China, South India or Southeast Asia.

Synonyms of Cash

ready money, realize, money, turn into cash, convert into cash, turn into money, encash, exchange, ready cash, currency, convert into money, liquidate, hard cash, legal tender, change

Balance:

Meanings of Balance:
  1. Keep something in a stable position to prevent it from falling.

  2. Comparing or comparing the value of (one thing) with another.

  3. Compare charges and credits on (accounts), often to make sure they are the same.

  4. Even weight distribution allows a person or thing to stay upright and stable.

  5. A country where different subjects are the same or in the right proportions.

  6. With weights, especially kingpins, blocks and scales.

  7. A balance or strength.

  8. Overweight or overweight

  9. A number that represents the difference between credit and debit in an account, the amount of money held in an account.

Sentences of Balance
  1. Balanced cup on his knees

  2. The cost of obtaining this information should be weighed against the benefits.

  3. The law requires the board to balance its books annually.

  4. He lost his balance before he fell

  5. Try to strike a balance between work and rest

  6. The atomic weight of an element that chemists can weigh on a scale depends on the number of protons and neutrons, which have about the same amount.

  7. Allow the centrifugal force to balance as both skates rotate to the left of the turn.

  8. Your opinion is that work is more important than time

  9. You have created a healthy balance in your savings account.

Synonyms of Balance

set against, egalitarianism, counterbalance, scale, stabilizer, discriminate, stabilize, recompense, weighing machine, balance, estimate, contrast, set side by side, assess, impartiality, fairness, compare, evaluate, consider, stability, differentiate, steadiness, weigh against

Pension:

Meanings of Pension:
  1. Dismissing someone, mainly because of their age or health problems, and paying child support.

  2. Regular retirement payments from a person's investment funds made by that person or their employer during their tenure.

  3. Pensions in France and other European countries, full or partial pensions at fixed rates.

Sentences of Pension
  1. Retirement from the army at the end of the war

  2. A permanent contribution to the guarantee of old age is a guarantee of old age.

  3. Of course it is a beautiful and clearly Austrian city, with lots of inns, hotels and restaurants for travelers.

Plans:

Meanings of Plans:
  1. Decide and arrange first.

  2. A project or plan (to create or create something)

  3. Detailed advice on what to do or get.

  4. Any intention or decision about what to do.

  5. A detailed map or diagram

Sentences of Plans
  1. They are planning a trip to Egypt

  2. He had planned the garden from the beginning

  3. I have no intention of resigning

Synonyms of Plans

concoct, fix up, make a representation of, game plan, work out, procedure, intent, design, outline, system, chalk out, arrange, agenda, build, draft, scenario, frame, idea, draw up a plan of, method, strategy, make a map of, draw up a layout of, hope, contrive, proposition, object, devise, aim, arrangement