Last Thursday, IBM announced that effective in 2007 (I think), the company
was going to suspend future contributions to the defined benefit retirement
accrual for US employees and at the same time increase the company
contribution to the 401-k. I'll send you a WSJ article, if you can't find
anything. It doesn't effect retirees such as me :-).
Jim
t 01:53 PM 1/9/2006, you wrote:
Hi,
I can't draw on mine four another 4 years. Pension fund accrual reduction
was a hot topic for a while. I tried cashing out but can't for some reason
because of my exit package. I'd think the bean counters would love to cash
out a guy like me rather than have to pay out.
How'd this thread get started ? Some news I can link to ?
Paul
Jim Bohnsack
Cornell Univ.
(607) 255-1760
