In Reply to: Re: Pensions Roadshow posted by Bryan on 17 November 2004 at 09:22:22:
: If someone could provide me with the "real" figures for IBM's actual contributions to the C plan (from 2002 when I understand it was -£700m), then I'd be prepared to ask how they work out that this is a good deal for IBM employees when we have always given our agreed contributions whereas IBM can decide not to...
Not sure if I am answering the right question? The Pension Fund Report covering contribitions by IBM to the N/C/M plans was as follows:
£m 2003 2002
Normal 79.0 19.2
Aumentations 23.4 6.8
Total 102.4 26.0
I believe augmentations covers items such as enhanced pensions for leavers (packages)
I suspect the figure you want is what IBM should REALLY have contributed to keep the fund in balance or surplus. That figure depends on lots of assumptions that actuaries generate.