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Glossary > C > "Cash Balance Pension Plan" Definition

Cash Balance Pension Plan

An employee pension plan whereby an employer will credit the participant"s account with a set percentage of their yearly compensation plus interest charges.

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Cash Balance Pension Plan - An employee pension plan whereby an employer will credit the participant"s account with a set percentage of their yearly compensation plus interest charges.

Cash Balance Pension Plan : an employee pension plan whereby an employer will credit the participant"s account with a set percentage of their yearly compensation plus interest charges.