Alrighty then, Document Don. Finally a key clue to finding the identity of the mysterious "Plan Administrator" for IBM! I looked through an old copy of IBM's...
68877
Bob Nelson
k2qpn
Aug 3, 2010 11:34 pm
I retired in the beginning of 2005. I have been waiting to see the impact of all the cuts. It would seem that IBM should implode. I think that superior...
68878
fhawontcutit
Aug 3, 2010 11:34 pm
http://nrln.org/PressArticles%20copied%20-%20or%20paid/what_you_need_to_know_pension_changes.htm Ellen Schultz and Theo Francis 2006 WSJ article Last sentence:...
68879
Tony
foxhunt4u2
Aug 3, 2010 11:36 pm
Take the personal days - you have to pay back vacation days you take but have not earned. Myself ? I will worry about it if and when something comes out - not ...
68880
DonW
donwshuper
Aug 4, 2010 2:10 am
ibmexec . .. PUUUHHHLEASE GIVE UP ON THE HR BIT . . .Even if he is no longer the plan administrator, this info can be nevertheless be revealing. I would not...
68881
llizbutler
Aug 4, 2010 2:13 am
Here you go: Richard J Carrol 1 NEW ORCHARD RD, ARMONK NY 10504-1722 MD 261 IBM Chief Accountant 1-914-499-5260 (T/L:641-5260) rcarroll@... Rich...
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DonW
donwshuper
Aug 4, 2010 2:15 am
with LUCK . you will have at the most 90 days and possibly only 30 days to choose starting with the day of any offical announcement. Plan A . . . . .Head THI...
68883
fhawontcutit
Aug 4, 2010 9:23 pm
http://money.cnn.com/2010/08/03/news/economy/health_care_benefits_exclusions/index.htm ... If you gloss over your benefits materials at open enrollment this...
68884
teamb562
Aug 4, 2010 9:23 pm
The UK got about 8 or 9 months then thanks to lots of bitching, an extra 12 month extension....
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DonW
donwshuper
Aug 4, 2010 9:24 pm
regardless of his IBM title/job description - when he signs as Plan administrator - HE HAS ABSOLUTE FIDUCIARY RESPONSIBILTY TO THE PLAN PARTICIPANTS AND TO...
68886
ibmexe
Aug 4, 2010 9:29 pm
Thank you very much! Looks to me like you have put the last nail in this coffin, Liz. Richard J. Carroll is our " plan administrator" man! This reporting ...
68887
Thomas
tcperconti
Aug 4, 2010 9:29 pm
Has anyone with 26-28 years of service run netbenefits' "estimate a payment" over the last few days? I noticed that any scenario that has a benefit...
68888
teamb562
Aug 5, 2010 11:13 am
http://www.bbc.co.uk/news/uk-england-hampshire-10864403 IBM is facing legal action from 250 ex-employees who claim they were "forced" to take early retirement...
68889
finitewisdom
Aug 5, 2010 11:14 am
http://www.bbc.co.uk/news/uk-england-hampshire-10864403 Excerpts: IBM is facing legal action from 250 ex-employees who claim they were "forced" to take early...
68890
DonW
donwshuper
Aug 5, 2010 11:17 am
PLEASE PLEASE PLEASE . . . get off the HR routine ! AS IN .... He is not a "committee who reports only to the Board of Directors". Thank God!.. HR is...
68891
ibmexe
Aug 6, 2010 9:51 pm
Don, it may be true that in the company you worked for (was that Boeing or Duke?) that they appointed a "janitor" or a junior lawyer "clerk" as Plan...
68892
patmorganstr
Aug 6, 2010 9:52 pm
... This former employee of 25 years who has not yet started taking a pension sees the same options as before, with changes to amounts of the partial annuity...
68893
worrysomeus
Aug 6, 2010 9:52 pm
Why Speculate? Net Benefits presently contains a A Summary Plan Description for the IBM Personal Pension Plan - Prior Plan. This document is dated December 1,...
68894
Kevin W
nowwicked
Aug 6, 2010 9:52 pm
Don't know if this has anything to do with it but the "interest rate" for the plans are set yearly and they know this years rate but don't know next years rate...
68895
art_vandalay_
Aug 6, 2010 9:54 pm
Thomas, I ran my today and used the exact dates that you used. Both scenarios were listed under the "IBM Personal Pension Plan - Prior Plan." There was no...
68896
teamb562
Aug 6, 2010 9:56 pm
Another version: http://www.professionalpensions.com/professional-pensions/news/1726401/ibm-facing-legal-fight-enforced-retirement...
68897
Thomas
tcperconti
Aug 7, 2010 11:48 pm
... art_vandelay, There is no change for the PPP eligible employees, only those who have been converted to the PPA (cash-balance) plan appear to be affected. I...
68898
DonW
donwshuper
Aug 7, 2010 11:50 pm
For the LAST time- Please oh PLEASE read the legal plan documents ....In terms of the Plan Administrator position here's the typical sceneario I would...
68899
ruthie89chgo
Aug 8, 2010 7:00 pm
I too ran my retirement benefits, after seeing the post that Thomas put out there, and it came back without a PPA section. BUT... I believe what Thomas...
68900
Paul S
pvsutera
Aug 9, 2010 5:58 pm
My change is slight though the lump sum is larger...that reflects the change in corporate bond interest rates. They're probably recalculated based on some...
68901
anonymouse104
Aug 10, 2010 3:50 am
Okay, my experience and also correction of other poster "assumptions". * Same dates yield $150 less from 12/1/2010 to 2/1/2011. This should never be the case...
68902
fstephens
Aug 10, 2010 3:51 am
The estimator is updated for the coming year in mid-November. Any numbers for the following year are truly "guess-timates" until the values are available for...
68903
fadedblue89
Aug 11, 2010 1:00 am
Anyone know how the lump sum is taxed?...
68904
fadedblue89
Aug 11, 2010 1:00 am
I ran an estimator on my current pension benefits with a retirement date of 1.1.11. IF this announcement happens on Sept 1 and those of us that are...
68905
thekanck
Aug 11, 2010 1:01 am
PPA ... Is that the Personal Pension Plan PRIOR option (i.e. those over 40 yrs old in 1999?). The interest rate used in the newer plans may be different than...
