Posted by Colin Mould on 15 October 2000 at 09:56:44:
I have only just learnt of the problem but I have been very concerned that the huge growth in the fund is not being reflected in increases in the paid pension. I have only just joined this site so I don't really know the full details nor am I fully aware of all the happenings but I wonder if any thought has been given to publicity (such as the finance pages of the weekend papers?)
IBM hates bad publicity and any hint that they doing a "Maxwell" with pension funds may achieve results.
Please excuse me if this has been done but I am very new to this problem and I really don't know what is going on but I am very appreciative of the considerable efforts everyone is making.Why you should have to is beyond me as I thought the elected board members were specifically charged to defend our interests and to prohibit this from happening? Many thanks to you all.