It's purely a financial thing, right? Like if they had moved their checking account from Chase to Wells?
Pensioners should not see any significant change. These are defined benefit plans: you get $X/month no matter who pays the bills or what the rate of return. Nor do they incur any significantly changed risk. IBM simply transferred their rate of return risk to someone who is in that business. Charles -----Original Message----- From: IBM Mainframe Discussion List [mailto:[email protected]] On Behalf Of Bill Johnson Sent: Wednesday, September 14, 2022 1:16 PM To: [email protected] Subject: IBM pension 16 billion offloaded. I’m shocked the IBM haters haven’t mentioned IBM’s announcement today regarding offloading 16 billion in pension liabilities. https://www.pionline.com/pension-risk-transfer/ibm-offloads-16-billion-pension-liabilities-annuity-purchases ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
