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e older worker so the benefits are more valuable for them. The older workers can not get significant benefits from cash balance retirement plan as compare to the traditional benefit plan in which the value of benefits paid on the basis of final average pay of the worker that can be more valuable for the older workers as their salary accrue the benefits faster.

Another example of the controversies arise from cash balance retirement plan is the violation of employee Retirement Income Security Act (ERISA). (Zelinsky, 2001). Many older workers have filed the suits against the conversion in cash balance retirement plan in Congress because of their decline benefits that are the unjust situations. Government choose the lenient approach in this matter as the legal body has realized the situation and analyzed that the economy is at boom and it dint want to limit the organizations to restructure its benefits plan. The legislation has been passing to plan the sponsor for cash benefit plan adoption.

Cash balance retirement plan also breaks the spirit of laws that protects the employees against age discrimination. The Law based on Older Workers Pension Protection Act of 1999 is formed for the protection of older workers benefit. Senator Tom Harkin critically evaluate the cash balance retirement plan and criticize that the cash balance plan is cheaply converted as compare to the funding of traditional benefit plan so that's the reason that most of the employers are converting in cash balance plan. He argued that the plan can be maintained but it should not effect the basic benefit consideration.

Another example of controversial aspect of cash balance is that in the planning of cash balance no individual employee or retiree decision is involved so employer or sponsor has to make the investment decision so they have to bear the risk if investment planning fails.

Conclusion
The retirement benefit plans are important for employee's future security and funded the employees with the monetary needs after retirement. These benefits are the key hold by the employees in order to receive the future security. The different types and style of benefit plans are provided in order to maintain the pace of installments periodically and leverage the interest on it. Defined benefit plan and defined contribution plan are the important types of plan that large numbers of organization are structuring in order to meet the employee satisfaction and to motivate them to whole heartedly contribute in organization. Trend of defined contribution plan is increasing in past recent years due to more chances of return and ease of manage the cost but all these new benefit plans are composed on the basis of traditional benefit plans. The controversial issue of cash balance retirement plan is closely considered in order to coop with the issues of old workers benefits plan. For this purpose legislations have passed to secure the old workers rights, the over all impact of cash balance plan. Cash balance plan provides the benefits of low investment risk as there is pooled of investment made in cash balance plane that reduce the investment risk and provide valuable return.