The lesser resistance of 12-gauge wire means that it can allow charge to flow through it at a greater rate-that is, allow a larger current. Thus, 12-gauge wire is used in circuits which are protected by 20-Amp fuses and circuit breakers.
of it. A âstatutory hybrid planâ is defined as a âdefined benefit plan that contains a statutory hybrid benefit formula.â2 A âstatutory hybrid benefit formulaâ is, in turn, a benefit formula that is a âlump sum-based benefit formula or a formula that is not a lump sum-based benefit formula but that has an effect similar to a lump sum-based benefit formulaâ.3
These plans provide features of both defined contribution and defined benefit plans. One form of hybrid plan is the cash balance plan. A somewhat more common form in state government provides each member with both a defined benefit plan and a defined contribution account.