Account Login

IBM To Freeze Pension Program In '08!

Beginning in 2008, IBM will stop contributing to its traditional U.S. pension plan and a later retirement plan now held by 117,000 IBM employees. Instead, IBM says it intends to increase the amount it contributes to its workers' 401(k) plans. The changes will save it $2.5 billion to $3 billion between 2006 and 2010, the company said. About 125,000 retirees, and former employees, won't be affected, the company said. Download WSJ story in PDF foprmat.

Article Files

Return to News and Views Home

CWA National - News from the Front Lines

Typographical Union Label