Re: Bullets for OPAS

Posted by Roger Burtenshaw on 17 October 2000 at 20:03:02:

In Reply to: Re: Bullets for OPAS posted by B Mackenzie on 30 September 2000 at 14:09:55:

Brian. Some points.

1. If you have an A Plan rather than a T Plan AVC, you are entitled to take the AVC as Cash, and then reinvest it wherever you wish.

2. With either A, T or no AVC, you can always commute the maximum to cash, and reinvest. The effect is the same as having taken the A/T as cash.

3. Although IBM will not tell you. Legally you do not HAVE to take the AVC at the same time as you take your IBM pension. You can take it later. But take Financial Advice first.

To answer your question. Once your AVC money gets converted into extra C Plan rights, the assets look the same as all other C Plan assets, and IBM appears to be determined to steal those.