Re: Transferring from C plan to M plan

Posted by Brian Marks on 20 March 2001 at 17:32:35:

In Reply to: Re: Transferring from C plan to M plan posted by Jeremy Burgum on 20 March 2001 at 09:23:49:

The 1997 Actuarial Report, when discussing the "notional discontinuance" of our scheme, says:

"The value of active members' and deferred pensioners' accrued benefits has been taken as the sum of the individual cash equivalents to which these members would have been entitled at the valuation date. Such cash equivalents have been assessed in accordance with Guidance Note GN11 issued by the Institute and Faculty of Actuaries. However, no allowance has been made for discretionary pension increases."

This suggests that it is not entirely a matter of IBM's choice what value they say your C-plan pension entitlement has.