In Reply to: Re: Pensions Roadshow posted by Bryan on 17 November 2004 at 09:22:22:
Bryan,
I assume you would like figures for DB plans only, and only for "normal" contributions (as opposed to "augmentations" to fund early retirement plans etc. ). 2003:£51.0M 2002:£19.0M 2001:£0 2000:£0 1999:£0.7M 1998:£0 1997:£0 1996:£5.0M 1995:£25.8M 1994:£46.2M 1993:£96.2M 1992:£70.1M 1991:£74.2M 1990:£66.3M 1989:£66.3M
(Some doubt about earliest figures because there was a B-Plan then and because normal/augmentation not split in the accounts)
That doesn't match the £700M you quoted. Were you interested in the deficit/surplus balance? We get told that every three years. 2003:£-900M (anticipating Actuarial Report) 2000:£585M 1997:£548M 1994:£160M
It is doubtful to compare these numbers blindly since different actuaries get different numbers from the same facts and three different actuaries are involved in the figures above.
Hope this helps.
On your general question I wouldn't expect IBM to be as brazen as to say it was a good deal - they will say it is the best deal available to you. (Would you rather have a pay cut?)
(Not with trustee hat on)