Description: This paper considers a defined contribution DC plan, a cash balance plan, and traditional defined benefit DB plan with equal expected value at the assumed retirement age. Using utility as a measure of risk and participant preferences, the designs are particularly well suited to minimize participant risk, particularly while employees are accumulating retirement assets. From Cash Balance Symposium Monograph, M-RS02-3.

Description: This session discussion was a primer on hybird pension plans, in particular cash balance plans and age weighted profit sharing plans. Included nondiscrimination issues, IRS issues and communication about the plans to participants.