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In Tomlinson v. El Paso Corporation, the United States Court of Appeals for the Tenth Circuit recently held that El Paso Corporation’s transition to a cash balance pension plan did not violate federal anti-age discrimination and pension laws. In doing so, the court offered important guidance to employers that provide pension benefits to their employees.
What is a cash balance plan?
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From emergency savings to retirement and AI-powered advice, employers are rethinking financial wellness as workers struggle to keep up with rising costs.
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