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IBM dials $400 million contribution for non-U.S. plans in 2018

 



"Most of the contributions will go to pension plans in Japan, Spain and the U.K., according to the filing. The company contributed $638 million to the non-U.S. plans in 2016.

IBM does not plan to make any contributions to the U.S. plans because it's not legally required. No contributions to those plans were made in 2017."
 

As I recall, the last indication that IBM was intending to add to the US pensioner's income was in 2008, just before the bottom fell out of the economy. It has been silence since then.. Fortunately, social security ratchets up based on the cost of living index and personal investment income has been solid.

Don Woodwell
NC

On Wed, Feb 28, 2018 at 4:06 PM, Roy Barnes via Groups.Io <choicer27yrs@...> wrote:


"Most of the contributions will go to pension plans in Japan, Spain and the U.K., according to the filing. The company contributed $638 million to the non-U.S. plans in 2016.

IBM does not plan to make any contributions to the U.S. plans because it's not legally required. No contributions to those plans were made in 2017."


 

re:2008,

The only pension increase that I remember was in the late 1990's; I believe it was 1998, and was about 2% which didn't cover
the increase in medical insurance costs transferred to the retirees.? I'm thankful for our retiree benefits; could have been much?
worse, and could have been much better.??

Huel? ?
 

Yeah, there was no increase in '08, only the threat to do so.

It is what it is!

Don

On Thu, Mar 1, 2018 at 7:53 PM, Huel Young <huelyoung@...> wrote:
re:2008,

The only pension increase that I remember was in the late 1990's; I believe it was 1998, and was about 2% which didn't cover
the increase in medical insurance costs transferred to the retirees.? I'm thankful for our retiree benefits; could have been much?
worse, and could have been much better.??

Huel? ?

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