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Politics : PRESIDENT GEORGE W. BUSH

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To: Mr. Whist who wrote (37704)9/18/2000 10:57:18 AM
From: TigerPaw  Read Replies (1) of 769667
 
IBM unilateral moves from defined benefits plans to cash-balance plans
I'm very familiar with that plan. The case I am most familiar with IBM tried to move a 40 year old from a vested $500/month lifetime pension to a $50,000 cash payment to an IRA. IBM slightly changed the age/time provisions only after the Communications Workers of America received a warm welcome by the staff.
TP
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