In Reply to: Re: C Plan under threat ? posted by I've Been Maxwelled on 11 February 2002 at 13:56:57:
: : : With the news that Ernst and Young and Iceland are closing
: : : their final salary pension plans and moving all staff to a
: : : money purchase plan, I'd like to hear what IBM's plans are
: : : for the C Plan.
: : : Who should I ask ........and will I get a straight answer ?
: : I haven't heard of this news re Iceland and Ernst & Young, so know no details. Surely C-Plan was closed - to new entrants - years ago? Do you mean IBM might discontinue its payments into the C Plan fund? When did it last make a payment?
:
: It means that existing members of the defined benefit schemes are removed into a money purchase scheme, an article in the London Times indicated that this would reduce the pension from 2/3rds final salary to about 25% for the people so affected
Can you possibly find the article to which you refer in the London
Times and post it on this page?