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PROGRAM ON RETIREMENT POLICY Could a Cash Balance Plan Benefit Illinois Public School Teachers? Richard W. Johnson and Benjamin G. Southgate April 2015 The Teachers Retirement System of the State
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A cash balance is the amount of money that a person or organization has in their possession at a given time, including physical cash, checks, and other forms of liquid assets.
Organizations or individuals who are mandated by law or regulation to report their cash balance are required to file it.
To fill out a cash balance, one must gather all relevant financial information, including cash on hand, bank balances, and any other form of liquid assets, and report them accurately.
The purpose of a cash balance is to provide an accurate snapshot of an individual's or organization's financial situation at a specific point in time.
The information that must be reported on a cash balance typically includes cash on hand, bank balances, and any other liquid assets.
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