John: Maybe HP is being even more deviant than IBM or other employers, but based on successful corporate lobbying here is at least one major factor that plays...
Interesting.....would there be any documentation if IBM did as GM admitted? http://tinyurl.com/cr5lwy March 1, 2009 Questions arise from GM's use of pension...
The FHA account "benefit amount" is not real $. The FHA is a notional account. IBM is just making an unqualified and not close to a promise that if you are at...
I am exploring the idea of bailing out. On November 1, I’ll be taking a hit on the plan, which will be repeated for the next 4 years. The problem is, I was...
I've started the laid_off_ibm_rochester group for folks caught in the recent layoff in Rochester, MN. A place to work out carpools for Right Management...
Why do you think you have "guaranteed" access to medical benefits? ... old enough for Medicare (61). I receive a pension check and as part of my package (I...
http://tinyurl.com/acat9s Hidden Pension Fiasco May Foment Another $1 Trillion Bailout By David Evans March 3 (Bloomberg) -- The Chicago Transit Authority...
John: Believe me, we feel your pain. We are in a similar situation with IBM: * The Defined Benefit Pension plan is frozen * The retirement medical benefits are...
It was part of the package I was given when I was surplussed in 1993: my pension at the 30 yr mark (1999) and medical for life. Of course, it was free back...
I was hired as a regular by IBM on 4/1997 (hired as a supplemental 7/96 and was a contractor for almost 5 years before that, but realize that nothing prior to...
So... in summary: * take the lump sum while it is still available *buy gold * bury it in a mason jar in the back yard <He says, only half in jest> TK...
Don't know how they handled it in recent years, but in the 1980's we used a Date on Board when a Temp was converted to a Regular. The DOB would account for a...
http://abcnews.go.com/Business/story?id=7042634&page=1 Companies Cut Pricey Older Workers High Health Care, Salaries, Pension Trump Experience and Wisdom, Say...
... While: http://www.foxnews.com/wires/2009Mar09/0,4670,IBMExecutiveCompensation,00.html Where are all those being RAed? Guess they know all they need to know...
H.R. 1322 Introduced into 111th Congress We are happy to report that H.R. 1322, the Emergency Retiree Health Benefits Protection Act of 2009, was introduced...
http://www.detnews.com/apps/pbcs.dll/article?AID=/20090311/AUTO01/903110463 ... A bankruptcy judge upheld Wednesday his earlier decision that Delphi Corp. has...
I received the latest Form 5500 and have passed it along to Janet to be posted in the file section. A couple of observations: Employee (ones with a pension or...
http://tinyurl.com/dfu9w7 Newsday.com Pension freezes can be devastating at mid-career BY MARY BETH FRANKLIN Kiplinger's Personal Finance March 15, 2009 When...
... I recall one of the many news stories about IBM layoffs quoted an IBM press flack had said the current US headcount is around 118,000. Of course that...
... Sadly those enhanced 401Ks were another empty promise. http://www.ft.com/cms/s/0/155d5b54-0ddc-11de-8ea3-0000779fd2ac.html?nclick_check=1 US companies pull...
http://www.itjungle.com/tfh/tfh031609-story04.html Mad Dog 21/21: The Case of the Vanishing Equity Published: March 16, 2009 by Hesh Wiener These are hard...
RE Boeing and their pension plan; the reporter got it wrong, very wrong! Here is a statement from Boeing: Pension plan updates coming in April; false reports...
So, with it's net worth presumably cut in half, the talk on the street is that IBM is looking to buy Sun Microsystems for about $6 Billion in cash. How do you...
http://www.reuters.com/article/domesticNews/idUSTRE52I62B20090319 ... More than 20 investment deals made by New York state's pension fund were "tainted" by a...
... Three Finger Lou became the CEO of carlye Group when he left IBM, Bush, Maylone, Majors, baker, are all partners in the Private equity Fund (Hedge) Fund. I...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8mXONiHTlmg ... The SEC's complaint seeks to impose unspecified fines and forfeiture of 'ill-gotten'...
I would like to compare plans and am thinking of changing 1/1/10.As of now I have Aetna HMO (through IBM) as the primary and Medicare is the secondary. Time to...
Are you sure that you do not have a Aetna Medicare Advantage Plan (HMO) which basically takes over all responsibility for medicare? It tends to be less...
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