IBM considering closing final salary pension scheme

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IBM considering closing final salary pension scheme

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07-09-2009, 12:45 AM

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IBM considering closing final salary pension scheme

IBM, the computer giant, is considering closing its final-salary pension scheme to current members, affecting over 25% of IBM’s 20,000 UK workforce. An e-mail to staff from IBM’s UK and Ireland general manager Brendon Riley, said the pension fund was being re-evaluated because of rapidly-rising costs and liabilities. The e-mail said: “For IBM UK also, the [...]

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