I don't have $45,000 and neither does anyone I have talked to that will tell me what they have. People are between $37,000 and $41000, not sure how some folks...
68817
madinpok
Jul 5, 2010 1:35 am
People got different opening FHA balances in 1999 depending on their age. The closer your were to age 50, the more you got. The idea was to give the older...
68818
fstephens
Jul 5, 2010 1:37 am
If you were a SECOND CHOICER, "ie. NEW OLD RETIREMENT PLAN", then you have a lot more than those that did not qualify as a SECOND CHOICER. Also, being able to...
68819
Michael Ed
messagebygab...
Jul 5, 2010 1:38 am
 It is not just IBM that is laying off.  This is the common trend for large companies like IBM, and it will continue for a long time.  I recently had the...
68820
madinpok
Jul 5, 2010 1:38 am
For those who are interested, here is how the FHA opening balances were determined. Based on your age on July 1, 1999, you received an opening balance based on...
68821
art_vandalay_
Jul 5, 2010 1:40 am
... I'm not wrong. I'm in the FHA and I have a balance of $36,000. The remaining 2nd choicers (that are not retirement eligible) are all within that range....
68822
ibm20yrsnot40
Jul 5, 2010 1:42 am
... That is not correct. Their was a population, I was among them, That were moved into the PPA and FHA plans but were not yet 40 years old when the change...
68823
Kevin W
nowwicked
Jul 6, 2010 12:30 am
Rational and to the point. You and I are in the same boat. Doesn't matter what we were promised we have to live in the here and now. We have to plan for...
68824
Joe
jvadalma
Jul 6, 2010 12:31 am
The sad part of this is that our government policies actually encourage corporations to move their operations overseas by such policies as allowing taxes paid...
68825
imadeitto30
Jul 6, 2010 12:32 am
I've just managed to hit retirement eligibility in early June and am curious to understand what IBM can and can't do to me at this point pension wise. If...
68826
kady101@...
evanied
Jul 6, 2010 12:32 am
Although the three points as listed below are true, it's not so grim: One of the key "enablers"; allowing IBM to execute their business transformation has been...
68827
Kevin W
nowwicked
Jul 6, 2010 12:34 am
Here is the way I look at the FHA money I have. It is something that is there today, may not be tomorrow meaning my understanding is that the money is not...
68828
madinpok
Jul 6, 2010 2:24 am
Any pension benefit that you are currently eligible for cannot be taken away. It doesn't matter if you retire, get laid off or are fired for performance...
68829
C C ALLERTON
callert...
Jul 6, 2010 11:16 am
I was one ofmany during the 2009, 2010 layoffs who found that may FHA account was worthless because I had not been on IBM's payroll for 10 years. In my...
68830
hankharty
Jul 6, 2010 4:14 pm
"IBM did say I could pursue legal means but their was the possibility I would have to bear legal and court costs should I not win." If you signed the...
68831
imadeitto30
Jul 7, 2010 2:11 am
Thanks Madinpok, but can you clarify one thing. What you described is what I thought to be the case, but all the recent "pension change rumor" threads have...
68832
llizbutler
Jul 7, 2010 3:45 pm
I was 39 & some days when this plan change happened. I had 18 years and 9 months. I got $0 credits into the FHA. When I turned 40, in 2000 I got $1,479.88....
68833
madinpok
Jul 7, 2010 6:16 pm
I don't think the Access Only date applies in your case, at least not until you have used all your FHA funds. According to "About Your Benefits - Future Health...
68834
madinpok
Jul 7, 2010 8:35 pm
Under ERISA, what is protected is your age 65 pension benefit. Also, ERISA prohibits removing certain benefits, such as an early retirement subsidy for an...
68835
lrafalow
Jul 7, 2010 8:35 pm
I think this is overly pessimistic, but only when you consider another negative global trend--peak oil--which is pretty shocking in it's own right. There are...
68836
DonW
donwshuper
Jul 7, 2010 11:21 pm
NRLN September Fly-In and 2011 Annual Leadership Conference This is a message to invite you to participate in the NRLN's 2nd annual Washington, DC Fly-In...
68837
DonW
donwshuper
Jul 10, 2010 2:59 am
from huffington post re a hav--aaaaard review CEO pay has been blasted for increasing risk to the economy, being out of proportion to ordinary wages and being...
68838
jr_was_here@...
jr_was_here...
Jul 11, 2010 5:11 am
Dangerous liaisons at IBM: Inside the biggest hedge fund insider-trading ring ...
68839
ibmexe
Jul 11, 2010 5:14 am
A couple of comments regarding the posts below. 1. You can only write to "The Office of the Plan Administrator". 2. This office address is given as "IBM...
68840
DonW
donwshuper
Jul 12, 2010 2:57 am
A bit more on Plan administrators - you are encouraged to look up the actual statutes listed in the following explanation copied from a typical site Who Is A...
68841
DonW
donwshuper
Jul 12, 2010 2:58 am
RE ibmexec..... PLEASE do not post your unsupported opinions as FACTS. 1) Whomever answers to the title of PLAN ADMINISTRATOR *** absolutely ***commits the...
68842
hankharty
Jul 12, 2010 2:58 am
'If you snooze, you lose.' I still say that for anyone considering or near retirement, it would seem to be the diligent thing to do to write the Plan...
68843
DonW
donwshuper
Jul 12, 2010 3:00 am
NOTE - MANY HEALTH PLANS ALSO FALL UNDER ERISA REGULATIONS THE SAME AS PENSION PLANS THE BELOW IS A TYPICAL DEFINITION OF PLAN ADMINISTRATOR. ...
68844
finitewisdom
Jul 15, 2010 4:34 am
http://online.wsj.com/article/BT-CO-20100713-705256.html * JULY 13, 2010, 8:06 A.M. ET Funded Status Of US Corporate Pension Plans At 16-Month Low The funded...
68845
thekanck
Jul 18, 2010 9:23 pm
Ok ... has anyone written in to the plan administrator and formally asked about pending changes? If so what was the answer?...
