Thanks for this posting. A key in any lump sum buyout is the discount rate (interest rate) assumed by the employer in determining their Net Present Value (NPV)...
"It's just the way the world is, and it isn't going to change" Oh man, talk about defeatist. So, I guessing you wouldn't vote, lead a committee, attend PTA or...
Please check what NPV means as relates to intrest/discount rates 1) Forget challenging whatever interest rate/discount rate- unless you can single handedly...
I agree with you. The current low interest rate environment means IBM would (should at least) give us a LARGER lump sum if they offered us a lump sum now. You...
Not defeatist as much as egocentric, teamb. He got his, and that's enough for him. IBM is chockablock with happy, seemingly impervious corporate men. Those...
" You with me?" NO 1) ERISA and a few other gubbermint regs define the limits of what any company can offer/use re interest rates. 2) I'm not IBM Document...
For those of you that still trust IBM, here is the legal disclaimer straight from the Transitional Retiree program document: The plan administrator retains...
If IBM was to sell your Pension to some insurance company, what happens if the insurance company fails or goes out of business? In the current IBM environment...
I find it hard to believe that anyone in IBM doesn't know about or have read this disclaimer. This is not new news and I recall reading this back in the 60's...
If your pension was to be converted to an insurance company annuity, your state's DOI guarantee would kick in. NC, for example, guarantees up to $300,000 of...
Yep, that's a great analysis and pretty much sums up (with math to validate) what I said 3 days ago. Not many to none will take this unless they already...
I'd argue one point. I didn't see anything in Steves statement that he forgot the past or is trusting the future. Only that he has determined what he can...
That verbiage is right in the FAQs on the day it was announced, as virtually every such plan released by IBM has. Only those who chose not to read them missed...
I'd "guess" he'd be far more likely to do all of those things, many of which are local. Note what he says here... "somewhere along the way I realized that...
The PBGC has regulations about the health of the insurance company that a pension can be sold to. Essentially, it has to be a high quality company. But if that...
Again with the third person. Ever see the creep on Seinfeld, named Jimmy, who talked about himself in the third person and gave Elaine the willies? Oh well. ...
Thank you Kevin W. :) Good to know someone understood what I was trying to state and had the courage to agree. You last sentence says it all. Thankfully...
Anyway, 'Steve' the 2nd, I couldn't care less about the SMSG&CAs here, so no, they're not getting me 'angry'. I am angry at what IBM has done to ruin the lives...
So let's see, the implication is that those who agree with you are courageous, and those who agree with LIG are young. Does IBM instruct the SMSG&CAs on how to...
Someone recalled last week on one of the IBM boards (IBMretiree?) about how Gary Brown used to step in on the IBM Fora when the Signal to Noise ratio started...
http://tinyurl.com/czy7c6e "More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal...
