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Old 11-01-2017, 01:53 PM
  #415  
kronan
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Joined APC: Nov 2005
Position: 757 Capt
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A VB plan is Still a pension plan. IRS uses the terms Cash Balance.

Our B plan is a Defined Contribution plan. eg. 8% into an account with Your name on it.

A Cash Balance plan is a notional percentage of your income into the big community pot of pension money to accrue to a predictable level of benefits upon retirement
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