Cash balance plans do not violate the rule against age-based reductions in the rate of benefit accrual under the Employment Retirement Income Security Act, the 2nd U.S. Circuit Court of Appeals has ruled.
Resolving an issue that had generated uncertainty among its district court judges, the 2nd Circuit clarified the law under 29 U.S.C. §204(b)(1)(H)(i) in two companion cases from the Southern District of New York.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]