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" Insurance companies are run to make a profit.? Although they are supposed to have a fiduciary responsibility to the annuity recipients, they balance that against their desire to make a profit.?

Thanks for that explanation, very helpful. Mark Buchanan Down2Earth Images markeb26@... down2earthcontact@...

No, this apparently is for those who retired before 2016.

IBM says that this affects 100,000 retirees. who retired before 2016.? As of the end of 2021: The total number of participants and beneficiaries covered by the Plan on the Valuation Date was

Is that for future retirees?

But they only offloaded a portion of the liability, less than half.? So what does that mean to ERISA coverage?

Thank you for that informative response. Bob Young [email protected]> wrote:

What this means is that retirees will receive their monthly checks from two insurance annuities with Prudential and MetLife.? It will show up as a single check from Prudential, but will be actually

I'd always hope this would never happen so as to keep ERISA protections. Just like IBM to have the last laugh. Sucks.

Roy may know more about this than I do. IMO, it mean's that IBM is reducing its risk and increasing ours (retirees). Our risk is increased because we'll lose the Federal protection for our pension

Can you please explain what this means to those of us receiving a pension under the defined benefit plan? Thanks Sent from Maude's iPhone

https://www.pionline.com/pension-risk-transfer/ibm-offloads-16-billion-pension-liabilities-annuity-purchases

Shocking, hard to believe IBM would screw their own employees......LOL ________________________________ Sent: Wednesday, August 3, 2022 11:17 AM To: [email protected]

https://www.planadviser.com/ibm-pension-plan-faces-outdated-mortality-data-challenge/

I'm able to log into both without problems.?? It may be a problem with your browser or PC, or a network problem with your ISP. Are you able to at least get to the log in page for either one?

https://login.fidelity.com/ftgw/Fidelity/NBPart/Login/Init?AuthRedUrl=https://workplaceservices.fidelity.com/mybenefits/navstation/navigation

please let me know. Hope someone has? the answer.Sent from my Galaxy

Try this Don: https://login.fidelity.com/ftgw/Fidelity/NBPart/Login/Init?AuthRedUrl=https://workplaceservices.fidelity.com/mybenefits/navstation/navigation ________________________________ Sent:

Signing in to download my forms for tax season and all the old IBM websties seem to have stopped working.?? Anyone know where to go now to get the info?

Thank you!