wearaway

The crux of the issue is whether employers that change from traditional pensions to so-called cash-balance plans can freeze the growth of older workers 'pensions for months or years following the change -- a phenomenon called "wearaway" -- even as younger workers' pensions continue to grow.

Treasury Validates Some Pension Rollbacks Ellen E. Schultz 2008

The first is whether a technique known as “wearaway” is (or, to be precise, was – the law was recently changed to prescribe a different preservation method for conversions occurring after June 29, 2005) a proper method for preserving benefits that accrued before the conversion.

Retirement Policy 2009

The volley was real, but it related only to “greater-of” formulas, not to wearaway.

Retirement Policy 2009

Only then would the pension begin to increase again The 2006 Pension Protection Act banned companies from freezing the benefits of older employees when it changes the formula, a practice called "wearaway."

T Fights Pension Suit Ellen E. Schultz 2010

Not all cash-balance plans have wearaway; the plan covering AT

T Fights Pension Suit Ellen E. Schultz 2010

Not all cash-balance plans have wearaway; the plan covering AT

T Fights Pension Suit Ellen E. Schultz 2010

Only then would the pension begin to increase again The 2006 Pension Protection Act banned companies from freezing the benefits of older employees when it changes the formula, a practice called "wearaway."

T Fights Pension Suit Ellen E. Schultz 2010

Only then would the pension begin to increase again The 2006 Pension Protection Act banned companies from freezing the benefits of older employees when it changes the formula, a practice called "wearaway."

T Fights Pension Suit Ellen E. Schultz 2010

Not all cash-balance plans have wearaway; the plan covering AT

T Fights Pension Suit Ellen E. Schultz 2010

Many companies let employees remain in the old plan for a time, but that only delays the onset of wearaway.

Treasury Validates Some Pension Rollbacks Ellen E. Schultz 2008