Pension plans have been going away for decades. 401k’s have been replacing them except in public jobs and some union jobs. That’s how capitalism works.
Sent from Yahoo Mail for iPhone On Tuesday, February 13, 2024, 1:38 PM, zMan <0000059081901144-dmarc-requ...@listserv.ua.edu> wrote: "The company has stopped making contributions to 401(k) accounts, and instead gives workers cash credits in a new version of its old pension plan." https://www.nytimes.com/2024/02/09/business/ibm-pension-plan.html (login required but surely will be elsewhere as well) IBM plays more financial engineering games. -- zMan -- "I've got a mainframe and I'm not afraid to use it" ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
