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International Business Machines Corporation Message Board

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  • tally_ho_us tally_ho_us Nov 19, 2001 11:46 AM Flag

    Pensions

    IBM has two retirement plans. A defined benefits plan and a 401K plan. IBM puts money into the defined benefits plan for our retirement and has another firm manage that money for them. The 401K plan has many options for investment which includes IBM stock but is not limited to IBM stock. The employee has the opportunity to make 8 changes per year "fee" free and at their own discretion. IBM matches our funds with cash funds up to 50% of 6% of our money that we put in. It is very fair, however, if you want me to gripe I think that IBM should give match me 100% of the money I put in up to all of it! <VBG>

    Most companies who match with company stock have gotten into trouble. IBM does not do that so far. I have not heard that they will either. JCPenny's was another company whose employees lost losts of money in their retirement fund. It was a few years back. Again, the same problem.

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