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International Business Machines Corporation Message Board

  • kikimyboy kikimyboy Feb 19, 2001 4:27 PM Flag

    Why LVG Need to look at himself

    When individual like UT think LVG doing every thing good and right, don't you think LVG need to take a look of what he did?

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    • Are you talking about Health Insurance? IF so, it doesn't matter how long you worked for IBM, they will screw you just like LM does. Health Insurance for a retiree now in good health can run as high as $886 a month. You're better off with Lockheed. It's CERTAINLY not the IBM you remember.

    • It is now 5 years, but I don't think it will apply to you since you left in 1970, prior to ERISA. See info below from US Dept. of Labor:

      The Employee Retirement Income Security Act of 1974 (ERISA) is a Federal law that sets minimum standards for retirement plans in private industry. For example, if your employer maintains a plan, ERISA specifies when you must be allowed to become a participant, how long you have to work before you have a nonforfeitable interest in your benefit, how long you can be away from your job before it might affect your benefit, and whether your spouse has a right to part of your benefit in event of your death. Most of the provisions of ERISA are effective for plan years beginning on or after January 1, 1975.

    • IBM is five years, now. I don't think they made it retro if you left the company that long ago. In any event you should do a google search for Janet Kruger(puppy_play) and IBM, she probably didn't see your post and would probably have the info you need.

    • I've been trying to find out if I have vested rights for retirement. Do you happen to know how many years it takes to become vested. At the time I quit, it was 10 years. I'm in hope that it has been dropped to five years. I left IBM about 1970.

      I am now working for Lockheed Martin Co. When I retire it will cost me over $650.00 a month to have the same insurance I have now. I am still working and it still cost me over $31.00 a week for my insurance.

      I hope maybe you have good news for me on the vessted rights or could tell me where I could get the information I need.

      Best regards,
      John t Kelly

    • gee riptoff - the herd of sleazy lawyers you refer to is the outfit known as perkins-coie. One of the 100 largest law firms in the U.S and THE Boeing defense team. Here is an enjoyable post by a friend on the boeing board. BTW- I have no problem with acknowledging help from a few IBM people, which should be obvious since my proposal is a mirror image of the IBM proposal that Lou loved. . . Note that they also handle securities litigation and something called cash-balance or whatever. . .
      ====
      Re: Beats Boeing? by: rivitman 02/19/01 09:34 pm EST Msg: 103819 of 103826 on the Boeing board.

      The absence of response from the flamers, trolls, jeds, and imposters is conspicuous, and duely noted. Boeing are the ones that made it a win lose game. For one side to win, the other has to be beaten.

      Boeing's megabuck crack legal einsatzgruppen just had it's ass handed to it by a retired engineer.
      =====
      http://perkinscoie.com/

      Welcome to Perkins Coie�s office on the World Wide Web. Lawyers from
      our 14 offices in North America and Asia serve clients who range in size
      from startup ventures to Fortune 500 companies. Please visit our site to
      learn how our commitment to client service, innovative legal solutions and
      cutting-edge technology truly makes us �Lawyers to the Entrepreneurial
      Community.�

      http://perkinscoie.com/about.htm
      Perkins Coie is a law firm of more than 525 lawyers serving clients from fourteen offices worldwide. This site is intended to provide you some information about the types of law we practice and the industries we work in. We would also like this site to give you useful and interesting legal updates and other information.
      ===
      http://perkinscoie.com/resource/eb/about.htm
      Practice Overview
      The Employee Benefits Group is dedicated to providing timely and practical advice on all aspects of employee benefits and compensation planning. We regularly counsel clients with respect to tax, ERISA and practical issues related to establishing, maintaining, administering and terminating qualified and non-qualified employee benefit plans, health and welfare plans, severance plans and executive compensation plans and arrangements (both equity and non-equity plans). In this regard, we routinely assist clients in designing, implementing and maintaining such plans, and we advise clients with respect to legal compliance issues arising from such plans. We often advise clients with respect to employee benefits issues in mergers, acquisitions, divestitures and other major business transactions. We also represent clients in employee benefits litigation, in obtaining tax and ERISA rulings and in responding to IRS and Department of Labor audits. Our goal is to use our extensive experience to provide practical, creative and cost-effective solutions to the diverse and complex problems that our clients face in providing competitive employee benefits and compensation.
      In addition, we maintain an IRS-approved regional prototype defined contribution plan. This plan is specifically designed for small and medium-sized employers and can be used for 401(k), profit-sharing and money purchase pension plans. Use of this prototype plan frequently results in reduced IRS fees and legal costs to implement and maintain a qualified plan.
      Following is a list of some of the areas in which we routinely counsel clients:
      Retirement Plans 401(k) plans Profit-sharing plansCash balance plans . . .
      ====
      Don Shuper

    • "Actually Don hasn't won anything, except maybe the right to get a proposal published. Getting the majority of shareholders to
      vote for it is another story.

      A question for you. Are you admitting that Don is better than your crack legal team including Jimmy Leas and the lawyers
      working for the alliance, CWA and iebac? After all, your crack legal team couldn't get your proposal accepted.

      Of course, to the iebac and alliance that can't win at anything, even this looks like a victory.

      Maybe you can congratulate Don over on the Boeing board where he belongs.

      Maybe you should tell your sleazy legal team you want a refund too. "

      That's what I couldn't figure out either. It didn't appear to me that he "won" anything other than the right to put something to a vote to watch it get shot down.

    • Actually Don hasn't won anything, except maybe the right to get a proposal published. Getting the majority of shareholders to vote for it is another story.

      A question for you. Are you admitting that Don is better than your crack legal team including Jimmy Leas and the lawyers working for the alliance, CWA and iebac? After all, your crack legal team couldn't get your proposal accepted.

      Of course, to the iebac and alliance that can't win at anything, even this looks like a victory.

      Maybe you can congratulate Don over on the Boeing board where he belongs.

      Maybe you should tell your sleazy legal team you want a refund too.

    • Don, Great work and fantastic win over a herd of sleazy lawyers. By the wording it sounds like they worked with another sleazy legal team to stop another plain proposal seeking simple justice. I think they figure if they write enough meaningless garbage along with their actual arguements they can win just by making it impossible to respond in a timely manner. It's people like yourself that will save what's left of democracy, decency and justice in this country from the greedy scum with expensive lawyers who think they can take whatever they want from whoever they want and use plain old money/lawyers/political power to get away with it. (note, there are many fine lawyers, those working to wipe out the working classes retirement aren't on the list though...

    • Why don't you allow opposing views in your so-called discussion groups? Aren't you comfortable in your positions?

    • Excuse me... but this is IBM's board - not Boeing... Please find the right board to post on as having to weed through this stuff is a waste of time.

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