I.B.M. Prepares Substitution for Pensions of New Hires
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I.B.M. is planning to close its employee pension plan to new employees at the end of the year and give all new workers a 401(k) plan instead.
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Enlist the help of your boss and Uncle Sam to feather your retirement nest egg.
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Starting next year, International Business Machines Corp. will exclude new workers from its contested cash-balance pension plan and offer them only a 401 (k) savings plan.
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Enlist the help of your boss and Uncle Sam to help you build your retirement nest egg.
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WASHINGTON : Bankrupt United Airlines has agreed to appoint an independent party to manage its employee pension funds prior to September 15 in an agreement with the US Labor Department.
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Within the next few weeks, workers  are likely to find a little something extra in their paychecks.  No, sorry ... it's not money. Those fat envelopes will be  stuffed with the paperwork that goes with new benefit plans.
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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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The military offers a great retirement plan option.
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Legislation that would encourage federal retirees to come back to work in the government on a temporary basis was introduced in the House yesterday, giving the Bush administration a chance to push for one of its management priorities this year.
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The government has unveiled a blueprint for the biggest overhaul of the nation&#039;s pension system in more than half a century, with a proposal to raise the retirement age to 68 by 2044.
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Hires from within, saves on recruitment fees
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The government's pension agency moved Thursday to assume responsibility for the pensions of United Airlines pilots, an action it already faced having to take next year when the bankrupt carrier dumps its defined-benefit pensions.
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Cash rewards for unemployed people who complete back-to-work training are likely to be extended by the government in the next phase of its welfare reform programme, ministers will indicate today
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Businesses that sponsor pension plans are applauding the Bush administration's call for a broad overhaul of the nation's troubled retirement benefits system. But on specifics, companies are wary.
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Workers considering early retirement should crunch the numbers first, financial planners say, to make sure that they can cover all of their expenses.
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Pension schemes may be forced to use more realistic assumptions about their members' longevity.
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IBM IBM.N will offer future  employees a 401(k) pension plan instead of a fixed pension, the  company said on Thursday, backing away from a controversial  policy that reduced retirement payouts and stirred employee  ire.