Search results
Results from the WOW.Com Content Network
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 ...
(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 ...
Loral Corporation was a defense contractor founded in 1948 in New York and acquired by Bernard L. Schwartz in 1972. It diversified into aerospace and communications industries, and was involved in several acquisitions and controversies before becoming Loral Space & Communications in 1996.
IBM 1915 was the year when Thomas J. Watson became the president of International Business Machines, the successor of Computing-Tabulating-Recording Company. The company was founded in 1911 by the merger of four enterprises that pioneered punched card-based data processing machines and time clocks.
A cash balance plan is a defined benefit retirement plan that uses hypothetical individual accounts like a defined contribution plan. Learn about the basics, conversion controversy, types of pensions and design of plans.
Three investment managers who had worked for IBM's pension fund left the company and formed SASCO Capital. They managed a portion of the IBM pension plan but IBM also kept a large portion of the assets and investment team in-house. Another early example of pension fund investment outsourcing involved General Dynamics. In November 1994 General ...
Learn about the history, types, and trends of pensions in the USA, from veterans' benefits to Social Security to private plans. Compare qualified and non-qualified plans, public and private pensions, and multi-employer plans.
Learn about the history, types, and funding of public sector pensions in the U.S. at the federal, state, and local levels. Find links to the retirement systems of each state and their websites.