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  2. IBM offers employees new retirement account that looks a lot ...

    www.aol.com/finance/ibm-offers-employees...

    How IBM is flipping the switch on pension plans. IBM contributes 5% of an employee’s salary to the accounts, which provide a 6% guaranteed, tax-deferred return for the first three years. And ...

  3. I’m a Financial Planning Expert: What IBM’s Retirement Plan ...

    www.aol.com/finance/m-financial-planning-expert...

    In late 2023, IBM announced a shift in its retirement benefits package, effective Jan. 1, 2024. The established method was a 401(k) match -- a 5% match and a 1% automatic contribution. With the...

  4. IBM to take $2.7 billion charge related to transfer of ... - AOL

    www.aol.com/news/ibm-2-7-billion-charge...

    (Reuters) - IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations ...

  5. Cash balance plan - Wikipedia

    en.wikipedia.org/wiki/Cash_balance_plan

    Xerox Corp. Retirement Plan, decided that the lump sum calculation for workers terminating service prior to retirement who were covered by the defendant cash balance pension plan cannot violate the rules for defined-benefit plans, [3] and in a district court in Illinois in Cooper vs. IBM Personal Pension Plan, decided that the very design of ...

  6. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.

  7. Smart Pension - Wikipedia

    en.wikipedia.org/wiki/Smart_Pension

    Smart Pension is a pensions and retirement technology business, delivering pensions technology platforms in partnership with other financial institutions, [1] and running a defined contribution master trust pension scheme setup for employers to enrol employees in a workplace pension scheme.

  8. What Is a Personal Pension Plan, and How Can I Use One? - AOL

    www.aol.com/finance/personal-pension-plan-one...

    A personal pension plan is a type of long-term savings scheme where individuals contribute funds that are invested to provide income upon retirement. Unlike workplace pensions, personal pensions ...

  9. Employee Retirement Income Security Act of 1974 - Wikipedia

    en.wikipedia.org/wiki/Employee_Retirement_Income...

    ERISA established minimum funding requirements for pension plans, which includes defined benefit plans and money purchase plans but not profit sharing or stock bonus plans. Before the Pension Protection Act of 2006 (PPA), a defined benefit plan maintained a funding standard account , which was charged annually for the cost of benefits earned ...