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HELP. I posted the below excellent article from IBM's own website at the IBM Retiree Facebook group. This topic was elsewhere in the news as well. BUT a moderator of the IBM Retiree Facebook group rejected it because it mentions the President's name. It just does not make sense this wonderful article is rejected. Who is checking to make sure there is proper moderation if they insist on moderating every post. It can take forever to get anyone's attention is there is a problem. This just happened to me before, rejected of a good article, because someone else already posted something similar. That does not make sense, as each article could be very different, let the reader decide, don't censor. This all seems overkill in moderating the Facebook group. Anyone else having this happen? The article title is "IBM and CEO Arvind Krishna Welcome President Biden to Poughkeepsie Site, Company Plans to Invest $20 billion in the Hudson Valley Region Over 10 Years." https://tinyurl.com/3epuhw7v The reason the moderator declined the post was: This post violates rule 3. No politics and no mention of the current or past president. Please. Group rules violated. 1Treat other members with respect. Treat other members with respect even when you disagree with them.

Except for the initial letter about changes to the medical plans I haven’t received any more information. If I am not changing my current Medicare options do I have to contact anyone? In the past it wasn’t necessary but I don’t want to assume anything. thanks Betty Iliff

I called into UHC and I can't get a clear answer on the chart @ https://retiree.uhc.com/content/dam/retiree/pdf/ibm/2023/Understanding-the-IBM-subsidy.pdf and I got the same answer twice, but not a full explanation? It is the first two on the left column, "Retirees without survivor benefits" and "Retirees with survivor benefits"? What determines 'survivor benefits'? I thought when IBM offered $3,600 if you wanted Survivor benefits you'd only get $3,000 per year which is what I got? When I called I was told I'd get $1,200 one time credit. Of course, after about 15 minutes the phone went dead so I couldn't ask about the agents take on why I'd get $1,200. So I called again a day later to get the rest of my questions answered and was again told I'd get $1,200 and my wife DOES have survivor rights and while I'd pay $0 for the Enhanced plan, she'd be charged $131.50? So wouldn't that make me a retiree with survivor benefit? If they have it wrong, I'd want that corrected before I sign-up. Of course I'm not sure the phone agents have it all correct either. I mentioned the Vision Eyeglass limit and how would I go about using it? Was told the plan doesn't have that, we'd have to purchase that outside... and I told him I was looking at it on a PDF on the site. He said it was probably an error but he does have a chat feature to ask other 'experts'. Came back in a few minutes and said I was correct. Either the place will bill UHC or I'd have to pay and file for a reimbursement. Didn't give me much confidence I did get the correct answer on the Initial credit or what the plan would cost me?

I just dialed the contact # from North Carolina Life & Health Insurance Guaranty Association - Welcome (nclifega.org) . I immediately was connected to Brad who seemed very well informed. I went into this with three answerable questions. So here it was. 1) What kind of documentation should I be expecting. The answer was some #'ed certificate was his expectation but he had not seen the details of the particular deal. All he knew of the IBM retirement deal was what he has read in the paper. 2) How exactly does the maximum amount, and the discounted present value calculation work together. And the answer is that your current income stream is continued unaffected (and historically is continuous as these failures are rarely instantaneous events) until the present value on the date of insolvency exceeds the max. 3) The wording in in the NC statutes refers to the association only covering 'a single life'. This is a 'per insolvency statement' so in this case a retiree would be covered up to $300k (the NC limit) twice. FYI. dave

I got the letter saying my pension was not affected and is not transferring to the insurance companies. I got a mailer about 2023 Benefits for Medicare-eligible ... But nothing about what happens to my FHA money. I don't get the yearly contribution but do have a substantial FHA balance I have been using toward my Medicare premium and supplement policy and a plan D drug plan. Am I now being forced to use my FHA money for this special IBM Medicare Advantage plan? How much is that going to cost and how does it come out of the FHA balance / how fast will it drain my FHA balance? Can my FHA balance still be used to reimburse my Medicare premium? I'm confused. Is my FHA balance considered to be under "The IBM Retiree Medical Plan"?

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

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?

I'm curious if anyone definitively knows this answer....In general, Is or has IBM continuing to fund the pension plan? So, Kyndryl spun off earlier this month with about 30% of IBM revenue taken. So if IBM was continuing to fund, does Kyndryl now accept some liability for that as well? I've heard differing opinions on this question about whether or not IBM provides additional dollars into the pension plan since it's been frozen for about 15 years as I recall. TIA.

Same old sheet, different place....this story rang many old IBM bells. Although, with the mass shortage of workers today and people quitting right and left, you have to wonder whether this ship might be ready to do an about face. https://humbledollar.com/2021/10/promises-broken/ Promises Broken Greg Spears | Oct 5, 2021, 12:05 pm ET VANGUARD GROUP is renowned for its rock-bottom investment costs, including announcing last week that it was lowering expenses on its target-date retirement funds. As a former Vanguard employee, I just learned how the company is, in part, paying for such cuts. Yesterday, Vanguard emailed retired “crew members” like me to say it was shutting down its retiree medical account program. When my old newspaper company’s pension plan collapsed last year—it was underfunded by $1 billion—my payments were picked up by the federal Pension Benefit Guaranty Corp. I filed a few forms, waited a few weeks, and never missed a single cent. But the money promised by Vanguard to its retirees comes with no guarantees, as I discovered yesterday. For each year after age 40 that you worked at the Malvern, Pennsylvania, fund manager, you got a $5,500 credit. There was 50% more added to a spousal account if you were married. After you retired, all that loot could be used to reimburse 75% of your health insurance premiums. To qualify, you had to work at Vanguard for at least 10 years and be age 50 or older, with your years of service and age adding up to at least 65. Often, when a benefit is cut, the pain is phased in. Those hired after, say, 2021 might lose the chance to qualify. Not this time. Every qualifying retiree lost their account entirely. Their spouses, too, including widows and widowers. Vanguard said it will make a one-time payment of $40,000 next year to assist with the change. That might sound generous. But if you worked there a long time, as I did, you lost a six-figure sum, at least on paper. My old newspaper company’s pension plan was regulated by the Employee Retirement Income Security Act of 1974. That law guarantees workers’ benefits will be paid. Vanguard doesn’t offer a guaranteed pension, or at least not to rank-and-file employees. But its retiree medical account seemed solid. Until it wasn’t. In the end, it was just a promise. I don’t want to say that Vanguard founder Jack Bogle would be spinning in his grave, because that’s such an overused cliché. I imagine, however, that he would have a few choice words to say if he were still here with us today. I think Vanguard is a great place to invest, and I’m glad that I worked there. It felt good knowing we gave the average guy the best investments at the lowest cost. It was such a great business model that Vanguard was, on average, taking in $1 billion a day in new assets during the last two years I worked there. But being the lowest-cost provider is hard. You have to earn it every day. By cutting costs relentlessly. Which reminds me of a story about life at ever-thrifty Vanguard. I got a call at my desk one day from a man who ran one of the country’s biggest 401(k) plans. The plan was replacing the provider of some of its index funds, he said, and bringing $7 billion to Vanguard. Slightly shocked, I emailed the good news to my boss. I suggested we celebrate by having lunch at a nice restaurant. He replied with two words: “You paying?”

https://www.msn.com/en-us/money/retirement/vanguard-restores-key-medical-benefit-for-all-current-retired-employees-after-first-cutting-it/ar-AAPa8yW For now, Vanguard has restored retiree medical, but Vanguard can still revoke it or replace it with something else.

I would have posted this on the Yahoo forum, but am unable to do so. I think I voluntarily exited from the group. --------------------- Kathy, you claimed, in a earlier post (seems to have been removed), that people didn't stop participating in this forum, because of moderation. That's bullshit. It's the sole reason I stopped. I happened to have many management jobs in my IBM career. I was relentlessly attacked by a woman (and several others) because I had been a manager. The attacks had nothing to do with any thing I posted, it was because I had been an IBM manager. A classic example of bigotry. I don't remember the woman's handle, but she frequently added a long string of laughing icons to her posts. Although I found it irritating, that is not why I left. I left because of an increasing number of my posts were removed by moderator(s). Not once was there an explanation. Kathi Cooper did a great job overcoming one of IBM's illegal efforts to wiggle out of its commitments to former employees like us. But unless IBM tries to reduce the pensions that we have earned, there is no reason for any more battles. I've never spoken with Ron Linton, or corresponded with him. He's done much more to help retired IBMers than almost any of us. He's not a demon. My reading of the tea leaves is that Yahoo groups are being phased out, because Verizon doesn't find them profitable. I suspect that removing the ability to store files for a group is phase 1, and that phase 2 will be selling Yahoo groups to another company. I joined the OneExchange and Pension groups in groups.io today, and I encourage others to do so too. ------------------------------------------------------------------------- Update - I just discovered that I had a log entry about my decision to stop contributing to the IBM. Here is a verbatim copy: "10:34 AM 9/19/2014 I noticed my 3rd attempt to respond was again silently censored. And there was a (an unrepentant) post by primosprimosprimos. So I decided to leave the IBMPension Yahoo group. The leaving process did not ask for feedback (although I did have my Adblock turned on). No matter, that forum has just become a waste of my time. My reason is: primosprimosprimos repeatedly denigrates all ex-IBM managers as a group because they belong to a group defined as ex-IBM managers. There is a simple term to define that kind of thought pattern and behavior. It is called bigotry. I defended a self-professed ex-manager who asserted he was innocent of the despicable behavior primosprimosprimos was accusing him of. My reward was a personal attack: "notice how all the managers ooze out from under the rocks when their secret handshake deals are revealed? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.". I tried to respond to her attack more than once, and all attempts were censored."

Does anyone have way - link - website - to ask for IBM matching funds to a charity donation? For Retirees.

With Yahoo groups gone, and this is the replacement, it sure is a lot more quiet here. Where did everyone go?

Hi everyone. I'm looking into IBM. Any thoughts or tips on how to go about it? Thanks, Michal

This spreadsheet file used to be in the Files section of the old Yahoo group.... any idea where I can find it??? Thanks

Is it true that in the old Yahoo group, you cannot see messages anymore? Only create an email, subscribe or unsubscribe? So 100% by email to your device. And no way to see history any more?

https://www.pionline.com/pension-funds/ibm-add-300-million-non-us-pension-plans

Can’t find my copy. While it’s probably safe enough to use the information on last year’s copy, and just add $250, I’d sleep a bit easier if I had the correct copy. It’s apparently not on Fidelity web site, though. Any idea if it’s online someplace else, or do I request it via IBM somehow? Ernie

Maybe their system is overloaded. Two-factor verification code text message not reaching my phone. I have not tried every day, but three times over a couple of weeks I've had this failure. [ BTW - I've already committed a Part D plan, so it's not an emergency~! ]

Why no activity here?