Pension Comments
Due to a
lack of membership growth the comment sections will be closed
until we see sufficient growth in full membership, associate membership
or donations.
Many of you that visit our site have not yet joined, but seem to value
its existence.
The only comment section that will remain open will be Job
Cuts Reports.
If you have information that you want the Alliance to know about please
send to ibmunionalliance@gmail.com.
Information of importance will be put on the front page of this web
site.
To join go here: Join
The Alliance! or here: Join
The Alliance!
Post your comments about the "Pension Freeze".
This
comment page is for employee reaction to the latest pension take away.
Comments that flame other posters, distract us from the real issue.
Comments that are blanket condemnation of unions will also not be posted.
If you want to do that, set up your own web site.
Read
our web privacy policy here: Privacy
Policy
Our other comments sections & archives: See "Your Comments"
on the left menu
Yahoo!
IBM Pension Board
Due
to SPAM, we have instituted a "verify"
form.
Before sending your message, you must type in the letters and numbers
that appear to the right of the "verify"
box.
Please let us know if you have any concerns: Email
the Webmaster
Join The Alliance! (credit card sign-up form)
Join
The Alliance! (check or money order form &
donations) 
form
To readers of the Alliance comment
sections:
Many of you read and participate in the comment sections and find
them a valuable resource for what is going on inside IBM. But in order
to keep this resource we need growth in our dues paying membership.
Please click the links above
and join the Alliance.
Your only source for the real news inside IBM.
From
Alliance@IBM: We have been receiving comments
or posts to our comments sections with no messages in the message
field, other than the words "test", "na", "none",
and "dd". These comment sections (boards,
forums) are not automatically updated. The comments are reviewed
by our staff; prior to being posted. Any effort by visitors to get
comments posted, such as those described, are a waste of time.
These sections of the Alliance@IBM web site are for the use of members
and IBM employees who want to discuss their concerns regarding IBM.
If you have any questions that you do not want posted as a comment,
please write them to our Contact
Us section. They will be treated as completely confidential.
Alliance@IBM
is now on 
Send us a tweet and send one to your co-workers. 
Has the alliance considered a paypal link? An easier way for some people
to pay you. Just a thought. I am happy to contribute and that would be
an easy way for many people. -StillanIBMer-|
|
 |
 |
Recommended CAUTION: When using Retirement Income Planner on NetBenefits
The
intent of this note is to alert people who have an IBM pension as
part of their retirement income to be aware of a setting in the tool
that is very important.
If
you are using the Retirement Income Planner, available via NetBenefits
for IBM, be aware that this tool has a default setting that sees your
pension as income that will grow year to year. It assumes a cost of
living adjustment for your pension unless you reset the value of the
field to NO. As we know, the IBM pension does not have a cost of living
adjustment.
For
people using this tool independently, this is an important field to
change. But even those who use the tool with a MoneySmart Coach need
to check to make ensure that the field has been updated from the default
value. An employee who was working with a MoneySmart Coach had the
coach set up the tool. The employee challenged the very positive numbers
that the tool was generating 2 or 3 times but the Coach did not catch
his error and neither did the employee. Fortunately that coach went
to another job and the employee started working with a new coach who
found the error.
Check
screen 3. Income, for the question: Adjust Income to future dollars?
The
default is yes and the current value being used is 2.3%.
You
can also check the “Income and Expense details” table
in the tools report. The pension value should remain constant through
the years. Note:
While the heading is Fidelity NetBenefits for IBM, the tool is not
customized for IBM. It is used by Fidelity for other companies as
well.
Another
tip:
If the tool gives you an Action Plan to purchase International Stock,
be aware that it does not recognize these funds from our 401k plan
as international investments: “Intl Stock
Mkt Idx”, “Pacific Stock
Idx”, “European Stock Idx”.
You may already have appropriate international stock in your portfolio.