Jottings By An Employer's Lawyer

Friday, August 01, 2003

IBM Loses Round One On Cash Conversion Pension Plan


The trial court has now given its view that IBM's 1995 conversion to a cash-balance plan was illegal. The Forbes headline, IBM loses pension plan lawsuit, will appeal is the succinct bottom line. For more in depth coverage check out the first of what I am sure will be many more posts in the Benefitsblog.


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