Does IBM offer a pension plan nowadays? Many companies had it in #gold days.
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When it was discontinued, it scr3wed 100,000 active employees who had joined IBM with the promise of pension. Interestingly, the keep-your-pension cut-off included people GR's age and older. AK missed qualifying by a couple years.
Made me laugh. Discontinued 20 years ago
Nope since 2005
We used to. Used to be really good. Not any more.
@3dwt,
That would be horrible, but it does happen. IBM had no problem eliminating 90 days severance.
IBM has pension obligations for many people that built the company. I would not be surprised to see them "de-risk" (look it up) their pension and leave all those people penniless. Except the execs of course.
401k is NOT a pension. Doubly so for one with only a piddly 3% match.
Some try to call the woeful 401k plan a sort-of pension plan, but its certainly not one.
13 companies still being decent to employees
https://www.cheatsheet.com/money-career/surprising-companies-give-out-pensions.html/
Not since before 2005.