Posted by A Palmer on 17 November 2000 at 16:15:22:
In Reply to: C PLan capping posted by A Palmer on 13 November 2000 at 19:09:49:
Kevin Waller's reply of 13 Nov basically says that
a) it is not the duty of the Trustee to look at the rules
b) there was always a C Plan limit.
Re a) Unfortunately he didn't say to whom in IBM I should address queries
Re b) I remain certain that the C Plan formula changed after the first few months.
I believe that initially the part of the formula which is....
actual pensionable years divided by potential years to age 60 was NOT there.
It is that part that caps those who joined before the C Plan and before age 25.
The effect is quite large (up to 10% of pension)
Does anybody have the original Management Letter or other formal documentation that shows the original formula?? Any assistance would be welcome!