Since 1995, a fifth of large companies have converted to cash-balance plans, which allow employees to accrue benefits at a fixed rate over their careers.
22.
News that he would receive a lump sum payment of $ 139.5 million in accrued benefits and tax-deferred savings sent jaws dropping across Wall Street.
23.
Services need to have the patience to wait for the accrued benefits of providing their telehealth service and cannot necessarily expect community-wide changes reflected straight away.
24.
When IBM converted to a cash balance plan, it hurt almost every single employee over the age of 40, 45, because it reduced our accrued benefits.
25.
"Generally, accrued benefits are protected by ERISA and cannot be reduced by plan changes, " the company said in a response to questions about its pension plans.
26.
News that he would receive a lump sum payment of $ 139 . 5 million in accrued benefits and tax-deferred savings sent jaws dropping across Wall Street.
27.
In cash-balance plans, employees accrue benefits at a steady rate throughout their careers instead of having retirement payments based on later, peak earnings as in traditional pensions.
28.
For example, employees should not be able to pick a certain airline in order to accrue benefits if it undercuts the government's negotiated fare agreement with another carrier.
29.
During this period, the employee would be eligible to receive the already accrued benefit under the old formula, but all future benefits are accrued under the new plan design.
30.
"Unlike accrued benefits under HP's qualified retirement plans, the HP Employee Purchase Rebate Program is subject to change from time to time, " the company said in a statement.
