Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Dave Beagle
t; d...@bkassociates.net >> >> >> ------ Original Message ------ >> From "Wayne Bickerdike" <059234794979-dmarc-requ...@listserv.ua.edu> >> To IBM-MAIN@LISTSERV.UA.EDU >> Date 2/13/2024 14:12:28 PM >> Subject Re: IBM Reopens Its Frozen Pen

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread David Crayford
rst >> d...@bkassociates.net >> >> >> -- Original Message -- >> From "Wayne Bickerdike" <059234794979-dmarc-requ...@listserv.ua.edu> >> To IBM-MAIN@LISTSERV.UA.EDU >> Date 2/13/2024 14:12:28 PM >> Subject Re: IBM Reopens

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Dave Beagle
n-limits/ > > Doug Fuerst > d...@bkassociates.net > > > -- Original Message -- > From "Wayne Bickerdike" <059234794979-dmarc-requ...@listserv.ua.edu> > To IBM-MAIN@LISTSERV.UA.EDU > Date 2/13/2024 14:12:28 PM > Subject Re: IBM Reopens Its Froze

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread zMan
401k-contribution-limits/ > > Doug Fuerst > d...@bkassociates.net > > > -- Original Message -- > From "Wayne Bickerdike" <059234794979-dmarc-requ...@listserv.ua.edu> > To IBM-MAIN@LISTSERV.UA.EDU > Date 2/13/2024 14:12:28 PM > Subject Re: IBM

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Dave Beagle
Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions >Looks like they are reverting to a Defined Benefit scheme. I never received >anything from IBM after my employment with them in the 70's. > >The 401K contribution limits are too low to ensure a comfortable >r

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Doug Fuerst
@LISTSERV.UA.EDU Date 2/13/2024 14:12:28 PM Subject Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions Looks like they are reverting to a Defined Benefit scheme. I never received anything from IBM after my employment with them in the 70's. The 401K contribution limits ar

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread zMan
What's your point, Bill? This is going *away* from a 401(k). On Tue, Feb 13, 2024 at 2:06 PM Dave Beagle < 0525eaef6620-dmarc-requ...@listserv.ua.edu> wrote: > Pension plans have been going away for decades. 401k’s have been replacing > them except in public jobs and some union jobs. That’s h

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Wayne Bickerdike
Looks like they are reverting to a Defined Benefit scheme. I never received anything from IBM after my employment with them in the 70's. The 401K contribution limits are too low to ensure a comfortable retirement. On Wed, Feb 14, 2024 at 5:38 AM zMan < 059081901144-dmarc-requ...@listserv.ua.e

Re: IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread Dave Beagle
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 <059081901144-dmarc-requ...@listserv.ua.edu> wrote: "The co

IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

2024-02-13 Thread zMan
"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 engi