There's been a lot of discussion on Socks Bouchard and the Ford lump sum pension offer lately. Here's a link tying them together from Socks' resume prior to...
I contacted the IBM ESC and they said that they could not provide me a copy of the docuement that they sent to NYS DOL. I guess I will get the hearing letter...
Kady - USHR113 (IBM Personal Pension Plan Prior Plan Summary Plan Description PDF) (AKA: How many P's can you get in one title?) is available on NetBenefits...
The $4.5B underfunding ($40.3B - $44.9B) is as of 1/1/2011, the beginning of 2011. From Page 2 of the Funding Notice, the yearend 2011 position is Assets of...
You have to be kidding. It's more like 25% of your highest three years earnings if you retire early. Count on around 30% if you retire at age 65. Be sure to...
As an example, I retired in 2007 with 39 years of service. First choicer. My pension, without the cut that allows for my wife to receive my pension if I kick...
There were several traditional plans --- 10-yr S&E, 5-yr S&E, PCF --- that got scaled back over the years. Roughly speaking, your pension number was about...
Sorry, you seem to misunderstand me. In my opinion the OVERALL RESULT was fair. Not the individual line items. This was simply because we negotiated a position...
Bingo. What he said. Hmmmm, I wonder how Socks Bouchard is doing? Bet he ain't worried about HIS financial future. Oh, wait, get this, how funny. Profiting off...
The attitude at headquarters was that they were only 'plant' people. No, not my attitude, but I can vouch that this was the attitude at headquarters. BUT when...
Nice try, Kev. What's your point? Here's your post, again, as it seems you have forgotten it: "willbe, let us assume everyone found their rage, everyone...
Thanks chz, I pretty much do everything from email deliveries. It is easier on me when I'm traveling, but does have the danger of being behind. If I ever get...
Yes, but.........he didn't answer me, but didn't he say he thought all of the following was 'fair'? FAIR????????? As I asked previously: ... At the pensioner's...
Don The IBMers still jumping into their socks fall into 3 groups 1. Those that still have their eyes and ears closed. They will be working at Wal-Mart after...
Announcement January 6, 1993. East Fishkill 3500 people to be laid off. Not sure how you missed the first major lay off. It was not pretty. Stealth layoffs...
... It just says "US Plans" in the headings -- no breakout of qualified vs. nonqualified or unfunded vs. funded. Please disregard previous message that said...
That's great investigative reporting, thanks for alerting us. Now, what am I supposed to do with this information, worry more about something I can't control?...
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Kady
kady101@...
Apr 30, 2012 2:46 am
I know what I'm under. My question was regarding the formula used to calculate benefit under IBM's traditional plan. Kady Sent from my iPad ... [Non-text...
... Yes --- you have to look at how the info is broken out and whether it is broken out -- funded vs. unfunded. ... Where are you getting the info for the Ford...
"In the early 90s one day 40% of my organization was called in and terminated." Do you feel you can say which organization that was? My recollection is that...
Haven't gotten my statement yet either, but the 2011 Annual Report (page 123) lists figures for the U.S. Qualified Personal Pension Plan, which I think...
madinpok, you may find this interesting if you have not seen it yet. It provides some interesting data points on NPV, Partial lump sum (qualified plans only)...
In a word, "No." Check your benefits for the specific plan you're under....
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Kady
kady101@...
Apr 29, 2012 10:52 pm
... Touchdown. Crowd goes wild. Exactly the point I'm trying to make. Having a large savings "leg" in no way justifies the theft of one's assets (Kathy's...
