To: All employees
From: Paul Rodgers, Director of Human Resources, UK and Ireland
Subject: IBM UK Pension Fund

Some of you may have seen a recent report in the Times concerning the IBM UK Pension Fund. I am also aware that e-mails are circulating among employees with regard to the Pension Plan. I want to assure you that IBM acts and will continue to act with complete integrity when dealing with pensions matters. We comply with pensions legislation, take proper professional advice and act in accordance with that advice. IBM will continue to meet all its obligations in regard to the provision of pensions.

Further information on pensions matters is available from ASK HR.

Paul Rodgers

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