The new regulation opens the door for employers to adopt (or convert their existing cash balance plans) to market-return cash balance plans, without a minimum fixed rate, and with the opportunity to have a scale of pay credits that materially increase by age or service.
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"articles": [
{
"uri": "/2023/01/20/secure-2-0-can-help-revive-corporate-defined-benefit-plans/",
"title": "SECURE 2.0 can help revive corporate defined benefit plans",
"byline": "Larry Sher",
"kicker": "Expert Opinion",
"prettyDate": "January 20, 2023",
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"summary": "The new regulation opens the door for employers to adopt (or convert their existing cash balance plans) to market-return cash balance plans, without a minimum fixed rate, and with the opportunity to have a scale of pay credits that materially increase by age or service.",
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