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Cash balance pension benefits generally involve annual pay credits coupled with an annual interest credit. In Nebraska these benefits are financed in a shared cost model, employees contribute 4.8% of pay to finance their retirement benefit, and employers match that contribution at 156% of the employee rate.
Cash Balance/Defined Contribution Plans.
The California Public Employees' Retirement System (CalPERS) is the nation's largest public pension system, with more than 2 million members from California's state, school, and public agency employers .