I retired in1988 and had the same options you mentioned. Life insurance continued for a time and then reduced to $!0,000. Health insurance was never covered 100 percent. Not bad for a zero contribution from me.
In about a week IBM will be announcing 3rd quarter results. If IBM meets or beats expatiations, the stock should rise dramatically. If IBM does not meet or beat expatiations, I don’t thing the stock price will suffer since it has already been discounted. A look for a new CEO should be announced at the same time.