Posted by MrCynical on 29 November 2000 at 11:01:31:
In Reply to: Re: UK Pensions Trust Page posted by Jennie Manuel on 28 November 2000 at 13:00:31:
A pitiful and pathetic attempt to cover their tracks. I have documentation sent to me from back in March 1994 with updates to the Pension and Life Assurance Plans handbook.
The first Heading
"How the IBM Pension Plans affect you" - an obvious plural.
again on Page 15
"Administration of the Plans".
It is very clear that the intention was to lead the employee to the conclusion that schemes were seperate. Note this is well before the M plan was invented however, and was intended to differentiate the various V, N, B and C plans.
Most laughable of all, under the section "A summary of your benefits if you join the C Plan at around age 25" it states
You should remember that :-
IBM makes substantial contributions in order to meet the balance of costs necessary to provide the pension benefits.
Should I laugh or cry ???