Please Mr Z, don’t feed them! > On 14 Feb 2024, at 9:18 am, zMan > <0000059081901144-dmarc-requ...@listserv.ua.edu> wrote: > > But that's not what you said. Make up your mind, Bill! > > On Tue, Feb 13, 2024 at 8:17 PM Dave Beagle < > 00000525eaef6620-dmarc-requ...@listserv.ua.edu> wrote: > >> My point is quit relying on your employer to fund your retirement. I >> worked at Packard Electric decades ago. Most of the white collar folks >> there had their pensions transferred to the PBGC about 15-20 years ago. >> Which cut their benefits to some tiny fraction of what they were promised. >> They’ve been fighting to get what they deserve since then, unsuccessfully. >> I never trusted my employers ever to keep their promises. That served me >> well. >> >> >> Sent from Yahoo Mail for iPhone >> >> >> On Tuesday, February 13, 2024, 2:27 PM, Doug Fuerst <d...@bkassociates.net> >> wrote: >> >> $22.5K if only you and $66K in you/employer is not enough? >> >> https://www.investopedia.com/retirement/401k-contribution-limits/ >> >> Doug Fuerst >> d...@bkassociates.net >> >> >> ------ Original Message ------ >> From "Wayne Bickerdike" <0000059234794979-dmarc-requ...@listserv.ua.edu> >> To IBM-MAIN@LISTSERV.UA.EDU >> Date 2/13/2024 14:12:28 PM >> Subject Re: IBM Reopens Its Frozen Pension Plan, Saving the Company >> Millions >> >>> Looks like they are reverting to a Defined Benefit scheme. I never >> received >>> anything from IBM after my employment with them in the 70's. >>> >>> The 401K contribution limits are too low to ensure a comfortable >>> retirement. >>> >>> On Wed, Feb 14, 2024 at 5:38 AM zMan < >>> 0000059081901144-dmarc-requ...@listserv.ua.edu> wrote: >>> >>>> "The company has stopped making contributions to 401(k) accounts, and >>>> instead gives workers cash credits in a new version of its old pension >>>> plan." >>>> >>>> https://www.nytimes.com/2024/02/09/business/ibm-pension-plan.html >>>> (login required but surely will be elsewhere as well) >>>> >>>> IBM plays more financial engineering games. >>>> -- >>>> zMan -- "I've got a mainframe and I'm not afraid to use it" >>>> >>>> ---------------------------------------------------------------------- >>>> For IBM-MAIN subscribe / signoff / archive access instructions, >>>> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >>>> >>> >>> >>> -- >>> Wayne V. Bickerdike >>> >>> ---------------------------------------------------------------------- >>> For IBM-MAIN subscribe / signoff / archive access instructions, >>> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> >> ---------------------------------------------------------------------- >> For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> >> >> >> >> ---------------------------------------------------------------------- >> For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> > > > -- > zMan -- "I've got a mainframe and I'm not afraid to use it" > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
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