So the board of the trustee company has 13 (unlucky for some of us wasn't it!) members. 9 are interested in increasing and protecting the value of the fund (Investment Board) and 4 are supposedly interested in Benefits (Benefits Allocation Committee). Of the 4 - well what a surprise - 75% are currently IBM employees!
Now I wonder which side their bread is buttered on!
Just one person is on the Benefits Allocation Committee who is retired! Thank God for that, for a moment I thought we were up a creek without a paddle.
G.