09-30-2004, 02:53 PM
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 Re: IBM Pension Appeal HW "Skip" Weldon wrote: - quote - > A year ago a US District Court held that in converting from a defined
Here's an article that says 15 to 27 months away.> benefit pension plan to a cash balance plan, IBM discriminated against > older workers. IBM has appealed that ruling. > Besides affecting other plans who had already converted, I suspect > that several other large employers held off conversions pending IBM's > appeal. > Does anyone know when that appeals court ruling is expected? > -HW "Skip" Weldon > Columbia, SC http://www.thejournalnews.com/newsro.../a0130ibm.html |
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#-1
09-30-2004, 02:21 PM
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| IBM Pension Appeal A year ago a US District Court held that in converting from a defined benefit pension plan to a cash balance plan, IBM discriminated against older workers. IBM has appealed that ruling. Besides affecting other plans who had already converted, I suspect that several other large employers held off conversions pending IBM's appeal. Does anyone know when that appeals court ruling is expected? -HW "Skip" Weldon Columbia, SC |
| Tags |
| appeal, ibm, pension |
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