Archive 6 of IBM UK's radical downgrade : AMIPP Forums (Message Boards)
of its pension provision.
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Re: Pension Statements - IBM sidesteps first court judgement.
Posted by: Mad Dog (IP Logged)
Date: 12 February 2014 05:21PM
I've noticed another "gotcha" on the 2014 Pension Benefit statement.
In the "Leaving Service Benefits" section, the value of Deferred DB Pension (payable at NRA) has not changed from 2013 to 2014. No CPI uplift has been applied over the intervening 12 month period.
Hence it appears that while I remain an IBM employee in "Hybrid Deferred" status, no Statutory Revaluation is being applied to the DB element of my pension.
This of course significantly devalues the deferred pension in real terms, as it gets eroded by inflation.,
In the "Leaving Service Benefits" section, the value of Deferred DB Pension (payable at NRA) has not changed from 2013 to 2014. No CPI uplift has been applied over the intervening 12 month period.
Hence it appears that while I remain an IBM employee in "Hybrid Deferred" status, no Statutory Revaluation is being applied to the DB element of my pension.
This of course significantly devalues the deferred pension in real terms, as it gets eroded by inflation.,
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