o:IBM-MAIN@LISTSERV.UA.EDU] On Behalf
Of Bill Johnson
Sent: Wednesday, September 14, 2022 2:51 PM
To: IBM-MAIN@LISTSERV.UA.EDU
Subject: Re: IBM pension 16 billion offloaded.
No it isn’t just a financial thing. They transferred the money & liabilities to
a firm that thinks it can turn a profit on
PM
To: IBM-MAIN@LISTSERV.UA.EDU
Subject: Re: IBM pension 16 billion offloaded.
No it isn’t just a financial thing. They transferred the money & liabilities to
a firm that thinks it can turn a profit on the investment. The current IBM
pension liability was over funded. (Over 100%) If the ne
)
Charles
-Original Message-
From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf
Of Bill Johnson
Sent: Wednesday, September 14, 2022 2:51 PM
To: IBM-MAIN@LISTSERV.UA.EDU
Subject: Re: IBM pension 16 billion offloaded.
No it isn’t just a financial thing. They t
AIG was so bad in 2007-08 the government had to bail them out to the tune of 85
billion and 80% government ownership. And they were America’s largest insurer.
Sent from Yahoo Mail for iPhone
On Wednesday, September 14, 2022, 5:47 PM, Tony Harminc
wrote:
On Wed, 14 Sept 2022 at 17:02,
who is in that business.
Charles
-Original Message-
From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On Behalf
Of Bill Johnson
Sent: Wednesday, September 14, 2022 1:16 PM
To: IBM-MAIN@LISTSERV.UA.EDU
Subject: IBM pension 16 billion offloaded.
I’m shocked the IBM ha
On Wed, 14 Sept 2022 at 17:02, Charles Mills wrote:
> 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
@LISTSERV.UA.EDU
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
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
