86. On 16 January 1997, Ms Grinstead, in her capacity as Director of Human Resources, wrote to existing pensioners to explain the various changes taking place, and to reassure them that their existing pension benefits were not affected. She wrote to the active members on 22 January 1997 to explain "the changes to the plans" and how they affected members, who were being given the option to join the M Plan although it was anticipated that most would not choose to do so. An information pack was enclosed. The letter pointed out that pensions were a significant part of their compensation package, and referred to other benefits IBM offered employees. A sheet outlining those benefits was enclosed. It listed as a "new facility" the opportunities to purchase insurance at favourable rates.

See [88]