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There are several articles and theories behind the recent bringing back of a kind of IBM pension that was dropped years ago.? This board has a mix of traditional Defined Benefit participants with the modified retiree health plan "annual credits", 2nd choicers with FHA, cash balance plan participants, also some plan participants got transferred to an insurance company based annuity, etc, etc...? I find it interesting how IBM will now use the over funding in the retirement plan to allow its fungible use of money elsewhere.? This article even notes the Kathi Cooper case: (hint - I often open links in incognito tabs thus some site's cookie counters believe I've not hit the paywall limit)


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Or in general just Google "IBM pension changes".

It's difficult to draw a conclusion from such a small snippet of the report.? I can't access the full report because it is on a protected web page on the Fidelity web site.

The time period covered by the image is from Oct 31, 2021 to Oct 31, 2022, during which the stock and bond markets suffered a serious decline in value.? From what I can find elsewhere about the HP plan, it had about $6 billion in assets prior to this, so the report image shows about a 30% decline.?

By comparison, over a similar period, from 12/31/21 to 12/31/22, the IBM pension plan also had a 30% decline in valuation.? So the HP numbers don't seem out of line.? Since then, the markets have recovered most of what they lost.