Re: C Plan is a 'Contributory Pension'

Posted by Roger Burtenshaw on 21 September 2000 at 10:10:46:

In Reply to: Re: C Plan is a 'Contributory Pension' posted by Alan Murphy on 20 September 2000 at 21:48:21:

My mistake, you are correct with 4% contribution level.

I don't think that the A/T plans are relevant.
-Isolated unique funds. not in C Plan pot.
-Not accessible to IBM.

However, if current employees require another issue to get concerned with.
I believe that the A/T plans are with Equitable Life, who have just lost the court case to avoid paying Guaranteed benefits from their With Profits Pension Fund.
Equitable Life have declared that that they will fund the guaranteed benefits by reducing the annual and terminal bonuses to people with non guarenteed policies. ie our A/T Plans!

Question, are the Trustees again failing by placing (or leaving) the A/T funds with Equitable Life?