juris301
May 17 1999, 11:55 PM
Does anyone know the details of IBM's new cash balance plan. Also, does anyone know where I could get a copy of that plan?
JPCMPLS
May 18 1999, 12:24 PM
Just a comment....I understand that cash balance design is not "new" for IBM and that it in fact has used a cash balance and later, a pension equity formula, in its defined benefit plan for a number of years. I hear that this latest amendment is going back to another cash balance design.
With all of the stir about cash balance plans in Congress, I find it curious that this is being played up in the press as a "new conversion".
Sorry, I don't have a copy of the plan or know where to get one.
pax
May 18 1999, 07:07 PM
I don't know where to get a summary either.
However, if you look on the What's New page of BenefitsLink, you will find a link to some information, although it may be brief.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please
click here.