On Jan 22, 2006, at 5:00 PM, Phil Payne wrote:
http://www.poconorecord.com/apps/pbcs.dll/article?AID=/20060107/
NEWS/601070323/-1/NEWS01
"When the pension freeze takes effect for IBM's 125,000 U.S.
employees in 2008, IBM will match
their 401k contributions dollar-for-dollar on up to 6 percent of
salary; previously the match
had been 50 cents on the dollar, a common figure.
Perhaps more important, the company will automatically contribute
an extra amount equal to 1
percent to 4 percent of employees' pay into their 401k plans in an
attempt to make sure every
employee participates."
I don't know of any worried IBMers.
Anyone remember the IBM/Ford investment credit swap in the 1980s?
BAU.
Phil,
I know a few that are extremely unhappy. One of them has already
said he was going to leave because of this. I know a few that are
really p****D about the medical (I use that term loosely) coverage.
This sent them in a quest to find replacement coverage. Color them
extremely unhappy.
Are there any employees left at IBM (rank and file not big wigs) that
are happy?
Ed
----------------------------------------------------------------------
For IBM-MAIN subscribe / signoff / archive access instructions,
send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO
Search the archives at http://bama.ua.edu/archives/ibm-main.html
