Re: Transferring from C plan to M plan

Posted by Jeremy Burgum on 20 March 2001 at 09:23:49:

In Reply to: Re: Transferring from C plan to M plan posted by Dave Mitchell on 19 March 2001 at 21:47:58:

Dave

When the M plan was announced I asked for a quote to transfer from the C plan. The figure given to me was the transfer value which is shown on the annual IBM benefit statement.

I was disappointed by how low the transfer figure was. It has no relation to the amount of contributions made by IBM or yourself. It is purely an actuarial calculation.

I can't find the information I received about transferring but I'll keep looking. I'm sure it included a graph showing I'd be better off staying with the C plan (which I did).

If IBM wanted people to transfer out of the C plan I'm sure they'd offer an incentive. At the moment IBM seems happy for the C plan to slowly die out.

Jeremy

: Ron - see my message headed "Does anyone fit this bill?" down below. I'm anxious to discover exactly what transferees WOULD BE offered. You can ask the Pensions folks to tell you. Being a retiree I can only ask the question hypothetically - and the answer that comes back is vague.

: If you do ask, or get hard facts, let me know.

: Dave