Federal appellate courts are grappling with whether corporations discriminate against older workers by switching from traditional pensions promising a fixed benefit for retirees to riskier cash-balance plans that may be a boon to younger workers but squeeze those closest to retirement.
The decisions seem to be tilting against older pensioners so far with the 2nd, 6th and 9th U.S. circuit courts of appeals likely to weigh in soon in what may be decisive votes.
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