IBM can say they do not provide any COLA, but the PRACTICE at the
time I retired, was they averaged about a 1 1/2% PER YEAR in the
past. Then they got so cheap they pay executives big bucks on the
backs of the retirees.


--- In ibmretiree@yahoogroups.com, "Andy Hopper" <andyhopper@...>
wrote:
>
> IBM is careful to remind we retirees that the pension does not and
has never included provisions for cost of living increases.
>
>
> ----- Original Message -----
> From: wavo841
> To: ibmretiree@yahoogroups.com
> Sent: Sunday, September 07, 2008 10:19 AM
> Subject: Re: [IBM Retiree] Rumored Pension Increase
>
>
> IBM's WELFARE" increase only applied to people that are by most
> definitions BELOW the poverty level. By their standards they
consider
> those getting a HUGE pension as part of the ELITE wealthy (more
than
> $22K). In most communities this would qualify a family of 2 for
food
> stamps!
>
> --- In ibmretiree@yahoogroups.com, Captain Monte
> <captainmonte2004@> wrote:
> >
> > Yes, that's the case! The bastards gave us nothing.
> >
> > --- On Wed, 9/3/08, drebe102 <mitchl@> wrote:
> >
> > From: drebe102 <mitchl@>
> > Subject: [IBM Retiree] Rumored Pension Increase
> > To: ibmretiree@yahoogroups.com
> > Date: Wednesday, September 3, 2008, 10:50 AM
> >
> >
> >
> >
> >
> >
> > Some months ago I heard that I qualified for an increase in my
> defined
> > benefit pension plan (I retired w/ 30 in 1987). I never got
> anything -
> > a letter or raise.
> >
> > I now hear that if you get more than $1833 per month -- you did
not
> get
> > an increase.
> >
> > Is that the case? Has anyone else heard that?
> >
> > Thanks
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>
>
>
>
> [Non-text portions of this message have been removed]
>