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Yes, IBM's pension plan is primarily a defined benefit plan. This means that it provides retirees with a predetermined monthly benefit based on factors such as salary history and years of service, rather than relying on investment returns or employee contributions. However, IBM has made changes over the years, including transitioning some employees to defined contribution plans, which can affect the overall retirement benefits for current and future employees.

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2w ago

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I worked for IBM from 1980 to 1989, how do I review what is in this particular pension plan and how to track it ?


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Hate to be vague, but it is a multifaceted question. If a USA pension, is it covered by ERISA, if not what is the applicable law. Does the Labor department (EBSA) have any jurisdiction. Is this a true "defined benefit" pension under US law? Does the US Constitution have any bearing? What does the plan document say. Is there a collective bargaining agreement that might provide for maintenance of benefits or other restrictive terms of the contract .IBM has lost cases relative to just such issues recently. This could be very simple, or as you can see, very complex. Many of these cases have resulted in large class action lawsuits.


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Retired IBM employees may be eligible for death benefits, which typically include a life insurance policy that provides a payout to designated beneficiaries upon the employee's death. The specifics of the benefit can vary based on the employee's retirement plan, length of service, and any elections made prior to retirement. Additionally, retirees may also have access to survivor benefits through pension plans or other retirement savings accounts. It's advisable for retirees to review their individual benefits and consult IBM's retirement services for detailed information.


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