|
|
|
|
|
|
by learner4life
5774 days ago
|
|
|
Actually, IBM did retroactively change the pension eligibility criteria as well as the payoff during its restructuring under Lou Gerstner(This is the late 90s). There is still a pending lawsuit if I remember correctly. It makes no sense to me as to why it is OK to underfund pension accounts. One major reason IBM was able to make the change is because it had no unions(FWIW I am no fan of unions as they encourage sloth in organisations). |
|
|