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The credit union name changed January 1, 1983, to Central Sunbelt Federal Credit Union, as the result of expanding the field of membership to include other employee groups. [4] In May 1991, Central Sunbelt aimed to fit the growing needs of the membership base with a second branch in the neighboring City of Hattiesburg. [4]
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...
The same reasons that make pre-funding a possible benefit to an employee participating in a plan make them a potential risk to employers setting up a plan. The employer has to make up the difference that the employee has spent from the flexible spending account but not yet contributed if other employees' contributions do not account for the ...