While IBM may allow you to withdraw- your friendly IRS may penalize you- depending on age, etc Get some professional advice- or go to IRS site and look up 401k...
68372
madinpok
Feb 24, 2010 5:29 pm
I think I misunderstood what you were saying in your original post. I thought you were saying that the pension formula uses a value of zero in the calculation...
68371
scall0way
Feb 23, 2010 11:35 pm
... What calculations did you use to challenge their numbers????...
68370
fstephens
Feb 23, 2010 11:31 pm
You obviously did not write the program currently used to provide the "estimated" values. The numbers are "WRONG", though very close to what you would expect....
68369
trexibmer
Feb 23, 2010 11:29 pm
I was RA'ed last year and my severance is now dry. Can I draw on my cash balance pension without any withdrawal penalties while I am still collecting...
68368
madinpok
Feb 23, 2010 3:39 am
... I should clarify this by changing the last part to: ... since the highest 5 year period will be used, up to the date of the freeze. Earnings after the...
68367
madinpok
Feb 23, 2010 2:31 am
... Your statement is absolutely incorrect. The PCF pension formula uses the average of your earnings over the final 60 months or employment, or the average...
68365
fstephens
Feb 23, 2010 1:17 am
It's because they are all estimates and the folks writing it don't know how to handle the facts. The retirement plan is frozen for contributions; remember. The...
68364
madinpok
Feb 22, 2010 3:46 am
It sounds like you are talking about taking the lump sum plus the residual annuity and that it is the residual annuity that is decreasing in 2011. If that is...
68363
DonW
donwshuper
Feb 22, 2010 1:20 am
YES IT IS TRUE - THE RATE IS UP TO 110/DAY. BUT it is rarely enforced. document Don...
68362
dustyrocky
Feb 22, 2010 1:18 am
I have 30+ years at IBM and am thinking of retiring soon. I have been running thru different retirement dates and payment start dates on the NetBenefits site...
68361
chaaya_cat
Feb 21, 2010 2:09 pm
I read somewhere that there is a $100 a day penalty for being late. Is that correct? Do they only have to pay that if they "punish the company". Thanks. Sue...
68360
zer0t0l
Feb 21, 2010 6:29 am
you are eligible as an IBM retiree on medicare and retired prior to 12/31/96. Call 1-888-880-2775 for info....
68359
DonW
donwshuper
Feb 21, 2010 6:24 am
write again certified mail, electronic return receipt requested , enclose a copy of the letter you got, and politely ask again. If after a few weeks, still no...
68358
chaaya_cat
Feb 21, 2010 12:39 am
What is my next step? I requested a pension estimate and a document. They sent the document right away with a letter saying that the estimate would come under...
68357
ibmmike2006
Feb 12, 2010 11:37 pm
Looks like these German Pensioners got pretty mad at the fellow who they felt stole their pensions. Pretty gutsy guys. Germany's Kidnapping Trial: Revenge of...
68356
ibmmike2006
Feb 8, 2010 12:17 am
I was reading a book on Retirement by a fellow and he referenced this article on cash balance conversion by a Professor at the University of Nebraska. If you...
68355
abouthadit
Feb 5, 2010 5:00 am
Is this part of the effort to take 401K plans and turn them into annuities? Inquiring minds want to know....
68354
finitewisdom
Feb 5, 2010 5:00 am
Interesting...implies that UK pension regulators may be unable to enforce pension obligations because IBM's HQ is a foreign entity. Does anyone know if this is...
68353
DonW
donwshuper
Feb 3, 2010 8:17 pm
Please pay attention to the government request for input on consideration for changes " enhancements" to ERISA. This may well be a case of you snooze- you...
68352
ibmexe
Jan 30, 2010 9:12 pm
Even with an 87% increase it is still a most excellent benefit at $0.43 per $1K of life insurance, particularily since you do not pay that amount yourself....
68351
madinpok
Jan 29, 2010 4:15 am
Turning 55 will do that. Insurance rates jump significantly at that age. Here is an example of how imputed income is calculated. ...
68350
ronald_d_young
Jan 28, 2010 9:37 pm
My imputed income went up a significant amount starting this year. It is 87% higher in the first statement of January than it was the last statement of...
68349
DonW
donwshuper
Jan 25, 2010 11:40 pm
A lot of the group insurance info for most companies like IBM can be found on the Form5500 data since they are also part of ERISA. Document don...
68348
anti_republocrat
anti_republo...
Jan 24, 2010 9:05 pm
Hey, fhawontcutit, thanks for the response. I assume from your handle, from the link you provided and from your sarcastic comment, that you would express an...
68347
mel_zimowski
Jan 24, 2010 8:13 pm
Excellent news for California. Governor Schwarzenegger will veto the bill, should it pass, and hopefully this incident will motivate California voters to kick...
68346
Bary Shaw
bk2006pc
Jan 24, 2010 1:56 pm
That means there is no specific information on what IBM contributes against my Non-medicare-eligible-retiree High Deductible PPO for me and for my spouse. May...
68345
fhawontcutit
Jan 23, 2010 5:25 pm
... Californians may be interested in the following: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/21/BAAN1BLNTP.DTL ... As national health care...
68344
IBMexecRetired@...
ibmexecretired
Jan 21, 2010 10:53 pm
I'll bet a lot of those were executive options. I'll check the 10K reports later. TT [Non-text portions of this message have been removed]...
68343
cybertramp66
Jan 21, 2010 10:51 pm
Well, the IBM revenue number is not healthy. You can only drive profits by cost cutting and share buybacks for so long. And it will be interesting to see if...
