In Reply to: Re: IBM UK Pension changes posted by smiler on 27 January 2006 at 19:43:34:
The announcement made no distinction between any of the defined benefit plans (C, N, I etc) in stating that only 2/3 of all future pay rises will be pensionable. Other than that, there do not appear to be any other changes to any of the DB plans while you are still working for IBM.
However, with *only* 29 years of service under your belt, you are eligible to take up the offer of transfering to the enhanced M plan (cut off for this being 30 years of pensionable service). I think that some sort of 'pension impact calculator' will be provided in the next few weeks to help you make this decision.
Eeyore
Eeyore