Many watching IBM closely. A ruling on its dispute over pensions could affect thousands of companies, By KARIN RIVES, Staff Writer The $320 million partial...
Would anyone know how to contact Douglas Sprong (ie. telephone number, email address). He is one of attorneys who represented IBM employees on the IBM pension...
... Sorry, no -- you could guess by looking at the latest form 5500 data filed by IBM (copies are available in the Files section of this site). ... The...
... We'll have to wait until the settlement details are finalized and realized before that question can be answered. That should happen before year end 2004. ...
... People in your situation would be covered by both the initial $320 million settlement and the $1.4 billion settlement that would be paid if the district...
I recently retired, and received a statement from Seabury & Smith reguarding the group life insurance. Because of my retirement my premiums will increase by...
I have tried to read as many posting as I could so I wouldn't ask a repeat question. I couldn't find my answer, although it could be there somewhere. I am...
I started with IBM on July 8, 1974. When IBM changed to the Cash Balance Plan the first time around, I missed being eligible for the old plan by seven days....
Since you are still employed, you are a member of one of the classes. I don't think the settlement will change the fact that the old (1991) forumla stopped...
The $300 million settlement does address the problems with the PCF (1995) plan. If you are now in the C-B plan, then yes, you are in two of the classes (one...
Most of ... PLEASE ! Janet , you sound so naive ( in this one instance only) . A corporation simply co-mingles funds, extracts what they ( senior management)...
1) I realize that we will most likely not get back everything that was taken, but the fact that the SOBs are talking settlement does my heart good. A very...
... I'm a little confused by your remark above saying that the settlement will probably not address the fact that the SEP was terminated as of 12/31/2000 and...
... Smith ... IBM! Have others had this experience? I may be forced into retirement (a little over 30 years) at the end of 2004 and I certainly did not plan...
... Although it is not obvious from IBM's description of the two claims that are being appealed, some of the age discriminatory aspects of the PCF are also...
My GUL premium also went up when I retired in 2000. It was explained to me that now I would be in a different pool than those of active employees. Obviously,...
... The PCF plan lowered the rate at which your pension grows compared to the S&E plan. During the wearaway period, you would not have been earning an...
... There's some noise out there from employees yelling that the 1.7B cap is not enough to cover damages. They are wrong. Mad is right. What IBM can do: IBM...
$620 million of the $1.4 billion specifically addresses the "always cash balance" part of the C-B plan which is directly related to the opening account balance...
... (as long as they don't discriminate based on age). ... as my grandpa sez) ... any remedy on account of the bad things that IBM does to us LEGALLY. ... ...
I left in Mar 98 and if you are talking about the term insurance you can purchase for $X/1000, I don't remember mine going up at retirement, of course it goes...
Folks, Remember there is no settlement until the money is in your pocket and all the appeals are exhausted. Even the one lucky small class that has rightfully...
Here's one for your accounting books. On Oct 1, 2004, IGS had a resource action. Some folks were told they were no longer required and the usual severence...
There is no way to contact IBM anymore. If you call "IBM" for any reason, you only get to talk to a "firewall" called Fidelity. This provides complete...
Please do not fall for the phone tag gag - and tell your friends wife to do the same 1) Look in your last benefits booklet- find address of plan administrator-...
