IBM UK pensions in doubt
PrintMeetings across the country regarding the final salary scheme
Posted in IT Director, 26th January 2006 10:16 GMT
Free whitepaper – Dell PowerEdge servers 2009 - Memory
IBM managers are in meetings across the country to hear about changes to the company pension.
Observers are speculating that the firm will announce the end of the UK's final salary pension, as it has already done in the US.
A flock of major UK - and US - companies have pulled the plug on their traditional final salary schemes in recent years, blaming growing deficits on reduced stock market returns, a harsher regulatory and fiscal attitude from the government, and retired workers' refusal to die early. Strangely, none of them blames the extended "contributions holidays" many of them took during the long stock market bull run in the 90s.®
Managing desktop software for fun and profit
Analyst Keynote: The Register Agile Data Center Summit
10 Steps to a Successful CRM Implementation
Market Primer: ERP Systems
Analyst Keynote: The Register Agile Data Center Summit
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter