IBM Alters Pension Plan IBM Alters Pension Plan Paul Jones
Friday IBM announced it will double the number of older workers who may choose between two pension plans--a traditional pension plan and a new one that has received age discrimination accusations from employees and Congress.
The company's decision could influence how hundreds of other companies handle the transition if they convert from a traditional pension plan to "cash balance" or hybrid plans that have gained in popularity as companies seek a competitive edge.
