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When measure X gets smaller,measure Y also gets smaller in a
Defined Benefit Plan
A type of pension plan in which an employer promises a specified pension payment upon retirement, based on the employee's earnings and tenure.
Cash Balance Plan
A type of defined benefit retirement plan where employee benefits are expressed as a hypothetical account balance, making it resemble a defined contribution plan.
PBGC
Pension Benefit Guaranty Corporation, a U.S. federal agency responsible for protecting retirement incomes by insuring private-sector defined benefit pension plans.
ERISA
The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry.
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