IBM Eases Shift Away From Pensions: Employees to Get Free Financial Counseling
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By Anne Krishnan, The News & Observer, Raleigh, N.C.  Mar. 8--IBM wants workers to be prepared when it freezes its pension fund next year and switches workers into investments they will have to manage themselves.
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Electronic Data Systems on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees as part of its plan to reduce 20,000 jobs over the  next two years and will take a fourth-quarter charge.
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The Motley Fool - In 2005, a little-known change in the tax law will let more people, primarily older and wealthier retirees, take advantage of moving funds from their traditional IRA to a Roth IRA.
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International Business Machines Corp. has shut its cash-balance pension plan to new employees, CBSMarketwatch.com reports. Instead, new employees can contribute 6 percent of their
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IBM Corp. said Wednesday it has agreed to pay $320 million in retirement benefits to settle part of a class-action lawsuit and another $1.
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Online banking service provider CheckFree Corp. is rolling out technology that could mean consumers will no longer have to go to a bank branch to deposit checks.
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State Street Corp. said yesterday it will freeze its pension plan for its 15,000 workers and offer them better 401(k) contributions instead, joining the ranks of companies nationwide taking steps to shift retirement decisions to individuals.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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The company says the changes are to better serve customers. Workers say they reduce already modest incomes and strain employeesÂ personal lives.
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Technology services company Electronic  Data Systems Corp , on Wednesday said it offered early  retirement to about 12,000 U.S. employees, nearly a quarter of  the U.S. work force, and expected a charge of $70 million to  $130 million in the fourth quarter.
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NEW YORK -- IBM said Friday it is in talks to settle a mammoth lawsuit alleging a pension plan adopted by the firm in the 1990s discriminated against 140,000 older workers.
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IBMÂ  is rolling out a new set of financing options that it hopes will increase its sales to SMB (small and medium business) customers by simplifying the financing process.
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IBM on Wednesday said it has settled  portions of an ongoing lawsuit related to its pension plan and  said the potential liability for the other claims that remain  on appeal is capped at $1.4 billion.
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NOVEMBER 24, 2004  - IBM yesterday announced that 100 independent software vendors have signed on to use software from its Workplace initiative, a new client computing model that gives employees a single way to access, share and manage
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Legal action was taken against IBM concerning its conversion to a controversial cash-balance pension plan. Under the terms of the agreement, IBM will pay at least $300 million to settle certain claims in the complex lawsuit.
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Summer is often a time of transition. Many employees switch jobs during summer, and many often wonder: Should I let the money I've accumulated in my company retirement plan stay in the old plan?
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As part of a new law designed to encourage more people to save for retirement, the US Department of Labor has proposed rules to guide companies that automatically enroll workers in certain retirement savings plans, including a 401(k).