http://businessfinancemag.com/blogpost/no-pension-funding-relief-now-1201 Published on Business Finance (http://businessfinancemag.com) No Pension Funding...
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Jim Mokle
jmokle
Dec 1, 2008 9:48 pm
Great article. Thanks for posting it. ... [Non-text portions of this message have been removed]...
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Jim Mokle
jmokle
Dec 1, 2008 9:58 pm
I should have also mentioned that I am very glad to hear that companies will not get relief from funding their pension obligations. ...
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hwdave
Dec 2, 2008 12:15 am
This may have been asked already but I didn't see anything yet. Who is IBM using now for express package shipping? And, is it going to be available to IBM...
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Penny Brewster
pjh0946
Dec 2, 2008 3:49 am
Much to my surprise, I just got a paper pension advice slip in the mail, which I hadn't seen since IBM did away with them quite awhile ago, expecting us...
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ted_tenor
Dec 2, 2008 3:50 am
... According to a friend who still works for IBM, the new carrier (unnamed on the web site at this time) will not offer a similar discount program for current...
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Kevin Wallace
nowwicked
Dec 2, 2008 3:50 am
UPS replaced DHL, according to the site there is no employee discount and we are supposed to begin using something called UPS Campus Ship. I see no mention of...
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williefreeman47630
williefreema...
Dec 2, 2008 4:57 am
Anyone heard anything more about the pay increase for some retirees or has that gone by the wayside with the market drop. Haven't seen or heard anything more...
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Phil Hobby
phobby2003
Dec 2, 2008 3:57 pm
The benefit adjustment is the money from the court case payout. ... From: Penny Brewster <pjh0946@...> Subject: [IBM Pension] ?Pension increase? To:...
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w2uhabud@...
w2uha
Dec 2, 2008 4:00 pm
forget it that ship, has sailed [Non-text portions of this message have been removed]...
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hwdave
Dec 2, 2008 5:35 pm
... is ... I heard from a current employee and it is true; UPS is now the current provider of express shipping but there is no employee discount provided under...
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dave49_98
Dec 2, 2008 7:59 pm
You can go to FedEX. They have a place that says DHL customer. I think you get a 20% discount and then 10% for life. ... Who ... be ... will ... US ... this...
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justa_bean_counter
justa_bean_c...
Dec 2, 2008 11:21 pm
... Come to think of it, IBM can't use the Cooper settlement as a source of increased pension that is going to the lowly employees, and then raise the...
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hankharty
Dec 3, 2008 5:19 pm
Penny, As previously stated by Phil, the Benefit Adjustment is money from the court case payout. Specifically, it is your share of the settlement agreement...
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retired_in_89
Dec 3, 2008 7:01 pm
... Most likely they are still seeking an aborigine with no schooling to work out the calculations for them. They still have two months left of the three to...
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Don Shuper
donwshuper
Dec 3, 2008 11:17 pm
If you are over 80 and still drawing a pension - you obviously are NOT a real IBM team player. Its people like you that detract from the pension funding...
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retired_in_89
Dec 4, 2008 5:16 am
... NOT a real IBM team player. Its people like you that detract from the pension funding surplus to be used in the bottom line and to spruce up the executive...
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williefreeman47630
williefreema...
Dec 4, 2008 5:18 am
Like retired in 89, I also retired June 1, 1989. I don't remember but 1 increase since then, although I have heard some speak of 2 increases. Have gone for 19+...
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mr_quarkwrench
Dec 5, 2008 1:17 am
... some speak of 2 increases. ... I can complain or not, but it would be nice to be remembered by IBM every once in awhile. ... They remember me every year...
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williamhfreeman@...
williefreema...
Dec 5, 2008 3:00 pm
I was talking about a Good memory, not the bad stuff. We get enough of that. There are three things we can count on: 1) Death 2) Taxes 3) IBM increasing our...
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thekanck
Dec 6, 2008 12:39 am
If I have this down, every year in the October/November timeframe IBM updates the pension lump sum payout calculations using the new interest rate(s). Has...
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courtault
Dec 8, 2008 8:16 pm
It's the lump sum amount only which changes -- not the amount one gets (or would get) in the annuity, right? I haven't paid much attention over the past five...
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justa_bean_counter
justa_bean_c...
Dec 8, 2008 9:31 pm
Excerpt: "Pension funds at Pfizer Inc., International Business Machines Corp., United Parcel Service Inc. and dozens of other companies have joined the parade...
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Don Shuper
donwshuper
Dec 9, 2008 12:46 am
Hmmmmm "The law currently states he has to put cash into our trust fund, if the oil level on the dip-stick is low." +++ What does Sams oil level have to do...
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Don Shuper
donwshuper
Dec 9, 2008 12:48 am
http://tinyurl.com/6myfhq Unretired: Retirees are Back, Looking for Work They saved. They planned. Then housing tanked and the markets melted. Now they need...
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justa_bean_counter
justa_bean_c...
Dec 9, 2008 1:02 am
HA, that's funny... I meant to say, if the downturn in the economy has reduced our trust fund below acceptable levels, then IBM HAS TO put cash into our trust ...
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fhawontcutit
Dec 9, 2008 5:06 am
http://online.wsj.com/article/SB122826822305174269.html ... A major insurer has dumped a chunk of its long-term-care policies into an independent trust,...
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chz_whiz
Dec 9, 2008 5:06 am
I thought your first explanation was simpler. The dipstick gets down to the mark of "Add a Quart(er $ billion)." ... trust ... trust ... law ... to ... of ... ...
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albanyblue2000
Dec 9, 2008 5:38 am
Bean, your observations are right. But, it's an interesting combination of actions open to IBM, - underway and possible, - that intrigues me. IBM can 'stretch...
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Mike
mga317
Dec 9, 2008 11:43 pm
... C. I have not run the numbers, but I believe that interest rate number is aso used to take the lump sum and convert it to the annuity amount. It is a...
