Friday, January 6, 2006

IBM is next major firm to drop defined benefit plans

Firms dropping defined benefit pension plans in favor of defined contribution plans is barely news, but I included this just because this article shows how much it expects to save which will make good class discussions.Bloomberg.com: U.S.: "International Business Machines Corp., the world's biggest computer company,will cut its U.S. pension plans to help save as much as $3 billion in the nextfour

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