cash balance plan
C51739
concept
A cash balance plan is a type of defined benefit retirement plan that credits each participant with a set percentage of their yearly compensation plus interest, resembling a defined contribution plan in how benefits are expressed.
All labels observed (1)
| Label | Occurrences |
|---|---|
| cash balance plan canonical | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: cash balance plan
Generated description
A cash balance plan is a type of defined benefit retirement plan that credits each participant with a set percentage of their yearly compensation plus interest, resembling a defined contribution plan in how benefits are expressed.
Instances (1)
| Instance | Via concept surface |
|---|---|
| CalSTRS Cash Balance Benefit Program | — |