I have NO idea what "100% vested under the IBM Pension - prior plan" means. I called the employee services center and tried to get it out of them as well but...
If you have 32 years of service credit, you are eligible to retire at any time. You can start your pension as soon as you leave IBM, or wait until any age up...
So I can collect now if I want to (at 52) but it will be a lower amount than if I wait until 65? And if I start now, the amount will never increase? I found...
madinpok, is it possible that with 32 years depending upon his/her age that he/she is eligible for what I call the "oldest plan" which is before even the one...
If you have 32 years service "credited" with IBM, YES, you can collect your retirment pay, immediately after reaching your retirement date(actural date is the...
... Yes you can collect now because IBM considers you as having had at least 30 years of service. The amount will not increase no matter when you start to...
Your question is a good one and I can only guess that ammie04 is not eligible for the "oldest" plan, which is the Service and Earnings Plan. To be eligible...
Yes, you can collect now if you want to. Your pension is based on a lump sum value at age 65. If you start collecting before then, the monthly amount will be...
DOCUMENT DON HERE The very first thing to do- before making a decision or even goint to a financial planner WRITE the plan admin - certified mail - and request...
Just something to consider: The partial lump sum MAY be something you want to consider... Yeah the market is in a shambles, but IBM does not have a reliable...
Thanks, that was the most to the point, succinct explanation I've ever heard. Being in what may be my final year at IBM I need to get with the Money Smart...
My husband was layed off as of 3/31/09 with 31 years of service. We are going over the pension plan estimate statement and I am finding it to be lacking in...
GM, Chrysler Woes Prompt Concern About PBGC The federal agency that protects pensions for workers could absorb the retirement plans of General Motors Corp....
Question: The service and Earnings Plan. Do you know what figures you can use for the years of service portion of this formula? Being laid of with 32 years...
The minimum benefit provision is supposed to ensure that changes to the pension plan do not reduce your pension below what you would have received before the...
Hate to say it, but isn't this what Wall Street, CNBC analysts and our Republican Congressman have been wanting . . . for GM to renegotiate and restructure the...
Up until 12/31/2007, the S&E formula counted the years of service up to the actual retirement date and not just the end of S&E salary window date of...
Thank you for this information. Do you know when using the minimum benefit formula if you can use the 30 years as a figure or if you have to use the years you...
My guess is that you would use the years of service as of the pension plan freeze date of 12/31/2007. This is only my opinion. What really counts is what the...
... retired. Not quite true. I retired in 89 and am below the bottom line they mentioned. At first they claimed I was over it. When I suggested that they...
Besides the significant subsidy loss if you are much younger than 65, I believe there is now a growing threat to the value of the lump sum. The Pension...
You all seem to have forgotten that the rules were rewritten in 1985 and 1989; different computations, different multiplier factors and then at the end of 2008...
Several comments: 1) to the "new guy" ... although this has been discussed before, do NOT let your FHA account run down all the way to zero. Keep a few hundred...
Has anyone signed the resource agreement yet? I'm trying to work my way thru it but I don't want to sign it and end up regretting it later. I know it's...
Check with an Attorney. They have to give you ample time to figure it this out. EEOC and ERISA law are complicated. This is absolutely age discrimination. ...
Not exactly true, Mad. The S&E formula only counted years of service up to the actual retirement date for "Qualifying" only. Your Pension under the S&E was...
I am a retiree(6-98)and my husband is an active IBM employee not yet eligible for retirement but soon. As I understand it when he retires he is under plan with...
You are indeed correct and I was wrong. I went back and checked my estimator results and the years of service for the S&E formula are calculated only through...
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