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ABA
Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment
Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial
and Insurance Practice
and The American College of Employee Benefits Counsel Present
The Beat Goes On:
New Cash Balance Cases
That May Rock Things
A 90-minute Teleconference / Audio
Webcast
Tuesday, August 26,
2003
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT030826BGOA
A number of new cases have been handed down
on cash balance issues involving IBM, Xerox, CBS, & BankBoston.
Damages may be immense, as the plans at issue hold many billions
of dollars of assets. The issues are juicy & intractable:
age discrimination, whip-saw interest rates, and wear-away.
The case law continues to evolve as more courts weigh in.
In the regulatory realm, the IRS proposed age discrimination
regulations that drew criticism from both proponents and opponents
of cash balance plans - and that do not agree with what some
of the courts are doing. This timely look at cash balance
litigation and regulatory activity focuses on the latest developments
in this complex and intriguing area.
Topics Include:
- Repercussions of the Most Recent IBM and Xerox Decisions?
- What Impact Will the Court Decisions Have on Treasury's
Regulatory Plans?
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- After the IBM & Xerox Decisions, What is the
Future of Cash Balance Plans?
- Update on Status of Proposed IRC/ERISA Age Discrimination
Regulations.
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Moderator
Judith F. Mazo, The Segal Company, Washington, DC
Speakers
Robert W. Rachal, Shook Hardy & Bacon, New Orleans,
LA
Mary Ellen Signorille, AARP Foundation Litigation,
Washington, DC
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