Examples of Cash Balance Plan in a sentence
The Cash Balance Plan is known as a hybrid plan because it has characteristics of both a defined benefit plan and a defined contribution plan.
In accordance with Senate Bill 2, signed by the Governor on April 4, 2013, plan members who began participating on or after January 1, 2014, were required to contribute to the Cash Balance Plan.
In accordance with Senate Bill 2, signed by the Governor on April 4, 2013, plan members who began participating on, or after, January 1, 2014, were required to contribute to the Cash Balance Plan.
Employees hired on or after October 15, 2012, will receive benefits in the Cash Balance Plan as covered in the Supplementary Agreement.
Employee Retirement System and Other Post-Employment Benefits (Continued) Hazardous (Continued)In accordance with Senate Bill 2, signed by the Governor on April 4, 2013, plan members who began participating on, or after, January 1, 2014, were required to contribute to the Cash Balance Plan.