In Reply to: Re: Impact on IBM Pensions?? posted by Bob Maddock on 13 March 2004 at 11:24:46:
: :probably a larger transfer from the "C" plan to the "M" plan?
: I am not sure what the UK implications are, if any, but I don't think this would be one. The M plan funds are defined contribution, and the defined contribution is invested outside the IBM pension fund, and not subject to any IBM assumption on growth rates.
I think you are right but the article keeps referring to cash plans. Maybe it is in the translation from US English to English?
If it really means traditional Defined Benefit then that would make more sense?