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- Kwasha_Lipton abstract "Kwasha Lipton was an employee benefits consulting firm located in Fort Lee, New Jersey. It was founded in 1944 by H. Charles \"Chick\" Kwasha and Maurice Lipton.Kwasha Lipton is best known for creating a special type of defined benefit pension plan called a cash balance plan, which it designed for the employees of Bank of America in 1985. Kwasha Lipton implemented dozens of cash balance plans for its other clients, and these plans were ultimately adopted by various companies throughout the United States. Some employees allege that the plans discriminate against older workers in violation of federal age discrimination law because of the way in which younger and older employees earn benefits under cash balance plans. Many cases found plan sponsors liable most were later reversed by appellate courts. However to retroactively approve the plan Congress enacted the Pension Protection Act of 2006. This settled whether the cash balance plan created ab initio violated age discrimination, however plan conversions which created cash balance plans out of existing traditional pensions by freezing accruals of older workers is still an unsettled issue.Kwasha Lipton was acquired in 1996 by Coopers & Lybrand and became the Kwasha Lipton Group of Coopers & Lybrand. Coopers & Lybrand then merged with Price Waterhouse on July 1, 1998 to form PricewaterhouseCoopers. The Kwasha Lipton Group was combined with PricewaterhouseCoopers' other benefit consulting groups to create Unifi, which shortly thereafter was sold to Mellon Financial. Mellon combined Unifi with its Buck Consultants subsidiary to create Mellon HR Solutions, which was sold to Affiliated Computer Services (ACS) for $405 million in 2005 and renamed Buck Consultants.Kwasha Lipton owned and occupied a famous building in Fort Lee, New Jersey. It is the first office building visible to the North after passing from New York to New Jersey across the George Washington Bridge, and it offers spectacular views of the bridge and the Manhattan skyline. The 13-story building has 139,000 square feet (12,900 m2) of office space, and was sold in July 2005 for $33.7 million. ACS remains the primary occupant leasing the building.".
- Kwasha_Lipton thumbnail KwashaLipton.jpg?width=300.
- Kwasha_Lipton wikiPageExternalLink buckconsultants.
- Kwasha_Lipton wikiPageID "7398440".
- Kwasha_Lipton wikiPageLength "3238".
- Kwasha_Lipton wikiPageOutDegree "26".
- Kwasha_Lipton wikiPageRevisionID "702159746".
- Kwasha_Lipton wikiPageWikiLink Affiliated_Computer_Services.
- Kwasha_Lipton wikiPageWikiLink Age_Discrimination_in_Employment_Act.
- Kwasha_Lipton wikiPageWikiLink Bank_of_America.
- Kwasha_Lipton wikiPageWikiLink Buck_Consultants.
- Kwasha_Lipton wikiPageWikiLink Cash_balance_plan.
- Kwasha_Lipton wikiPageWikiLink Category:Actuarial_firms.
- Kwasha_Lipton wikiPageWikiLink Category:Companies_based_in_Bergen_County,_New_Jersey.
- Kwasha_Lipton wikiPageWikiLink Category:Companies_established_in_1944.
- Kwasha_Lipton wikiPageWikiLink Category:Defunct_companies_based_in_New_Jersey.
- Kwasha_Lipton wikiPageWikiLink Category:Management_consulting_firms_of_the_United_States.
- Kwasha_Lipton wikiPageWikiLink File:KwashaLipton.jpg.
- Kwasha_Lipton wikiPageWikiLink Fort_Lee,_New_Jersey.
- Kwasha_Lipton wikiPageWikiLink George_Washington_Bridge.
- Kwasha_Lipton wikiPageWikiLink Human_resource_consulting.
- Kwasha_Lipton wikiPageWikiLink Manhattan.
- Kwasha_Lipton wikiPageWikiLink Mellon_Financial.
- Kwasha_Lipton wikiPageWikiLink New_Jersey.
- Kwasha_Lipton wikiPageWikiLink New_York.
- Kwasha_Lipton wikiPageWikiLink Pension.
- Kwasha_Lipton wikiPageWikiLink Pension_Protection_Act_of_2006.
- Kwasha_Lipton wikiPageWikiLink PricewaterhouseCoopers.
- Kwasha_Lipton wikiPageWikiLink Skyline.
- Kwasha_Lipton wikiPageWikiLink United_States.
- Kwasha_Lipton wikiPageWikiLinkText "Kwasha Lipton Group".
- Kwasha_Lipton wikiPageWikiLinkText "Kwasha Lipton".
- Kwasha_Lipton wikiPageUsesTemplate Template:Convert.
- Kwasha_Lipton wikiPageUsesTemplate Template:Coord.
- Kwasha_Lipton subject Category:Actuarial_firms.
- Kwasha_Lipton subject Category:Companies_based_in_Bergen_County,_New_Jersey.
- Kwasha_Lipton subject Category:Companies_established_in_1944.
- Kwasha_Lipton subject Category:Defunct_companies_based_in_New_Jersey.
- Kwasha_Lipton subject Category:Management_consulting_firms_of_the_United_States.
- Kwasha_Lipton hypernym Firm.
- Kwasha_Lipton point "40.854661 -73.964685".
- Kwasha_Lipton type Company.
- Kwasha_Lipton type Company.
- Kwasha_Lipton type Establishment.
- Kwasha_Lipton type Firm.
- Kwasha_Lipton type SpatialThing.
- Kwasha_Lipton comment "Kwasha Lipton was an employee benefits consulting firm located in Fort Lee, New Jersey. It was founded in 1944 by H. Charles \"Chick\" Kwasha and Maurice Lipton.Kwasha Lipton is best known for creating a special type of defined benefit pension plan called a cash balance plan, which it designed for the employees of Bank of America in 1985.".
- Kwasha_Lipton label "Kwasha Lipton".
- Kwasha_Lipton sameAs Q6450233.
- Kwasha_Lipton sameAs m.0260h27.
- Kwasha_Lipton sameAs Q6450233.
- Kwasha_Lipton lat "40.854661".
- Kwasha_Lipton long "-73.964685".
- Kwasha_Lipton wasDerivedFrom Kwasha_Lipton?oldid=702159746.
- Kwasha_Lipton depiction KwashaLipton.jpg.
- Kwasha_Lipton isPrimaryTopicOf Kwasha_Lipton.