I left happy but later was unhappy about pension fund accrual reduction efforts. Paul Hanrahan (formerly up right carbon unit 635214)
-----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Ed Gould Sent: Sunday, January 22, 2006 7:58 PM To: [email protected] Subject: Re: IBM up for grabs? 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 ---------------------------------------------------------------------- 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
