That’s exactly what I said. Don’t ever be surprised when capitalism does what it does. When companies change rules to increase their profits.
Sent from Yahoo Mail for iPhone On Tuesday, February 13, 2024, 8:19 PM, zMan <[email protected]> wrote: But that's not what you said. Make up your mind, Bill! On Tue, Feb 13, 2024 at 8:17 PM Dave Beagle < [email protected]> wrote: > My point is quit relying on your employer to fund your retirement. I > worked at Packard Electric decades ago. Most of the white collar folks > there had their pensions transferred to the PBGC about 15-20 years ago. > Which cut their benefits to some tiny fraction of what they were promised. > They’ve been fighting to get what they deserve since then, unsuccessfully. > I never trusted my employers ever to keep their promises. That served me > well. > > > Sent from Yahoo Mail for iPhone > > > On Tuesday, February 13, 2024, 2:27 PM, Doug Fuerst <[email protected]> > wrote: > > $22.5K if only you and $66K in you/employer is not enough? > > https://www.investopedia.com/retirement/401k-contribution-limits/ > > Doug Fuerst > [email protected] > > > ------ Original Message ------ > From "Wayne Bickerdike" <[email protected]> > To [email protected] > Date 2/13/2024 14:12:28 PM > Subject Re: IBM Reopens Its Frozen Pension Plan, Saving the Company > Millions > > >Looks like they are reverting to a Defined Benefit scheme. I never > received > >anything from IBM after my employment with them in the 70's. > > > >The 401K contribution limits are too low to ensure a comfortable > >retirement. > > > >On Wed, Feb 14, 2024 at 5:38 AM zMan < > >[email protected]> wrote: > > > >> "The company has stopped making contributions to 401(k) accounts, and > >> instead gives workers cash credits in a new version of its old pension > >> plan." > >> > >>https://www.nytimes.com/2024/02/09/business/ibm-pension-plan.html > >> (login required but surely will be elsewhere as well) > >> > >> IBM plays more financial engineering games. > >> -- > >> zMan -- "I've got a mainframe and I'm not afraid to use it" > >> > >> ---------------------------------------------------------------------- > >> For IBM-MAIN subscribe / signoff / archive access instructions, > >> send email to [email protected] with the message: INFO IBM-MAIN > >> > > > > > >-- > >Wayne V. Bickerdike > > > >---------------------------------------------------------------------- > >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 > > > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN > -- zMan -- "I've got a mainframe and I'm not afraid to use it" ---------------------------------------------------------------------- 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
