Cash balance plans are portable when an employee leaves,but they do not vest any sooner than traditional pension plans.

Question

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Cash balance plans are portable, meaning an employee can roll over their account balance into another retirement plan or take a lump sum payment if they leave their employer. However, the vesting schedule for cash balance plans is the same as traditional pension plans, meaning the employee must work a certain number of years before they are considered fully vested in the plan and entitled to the full value of their benefits.

Cash Balance Plans Are Portable When an Employee Leaves,but They