Changes gone down about as well as a hard reboot on a production DB
The IT giant on Wednesday informed its US workers that starting on January 1, 2024, the corporation will no longer match employee contributions to their 401 retirement plans. Instead, it will offer a new benefit called a Retirement Benefit Account .
Or possibly 100 percent: if IBM holds and manages its RBA contribution, it doesn't have to pay anything out at all until the employee leaves the company. It would thus move from paying cash into workers' external 401 accounts to writing them an IOU. "Previously, employees were able to contribute six percent of total pay to the 401," the missive explains."With the RBA, one percent of tax advantaged contribution is eliminated and is instead replaced with a one time, taxable 'salary increase.'
"The biggest concern I have, which isn't clear anywhere, is that this account may not actually be an account that they have to fund inside of a trust," said Hulme. If IBM were to become insolvent, Hulme said, those accounts would be considered general liabilities that aren't secured by anything. So employees would simply become creditors with no guarantee they'd be able to recover their funds.on LinkedIn, Hulme added,"It means the company is scraping the bottom of the barrel to find ways to cut costs and that might also include more job cuts.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
IBM Acquires Equine and Expands Presence in IndonesiaIBM acquires Equine and three other entities to expand its presence in Indonesia, the world's fourth-most populous nation. The acquisition will help IBM modernize businesses and advance its hybrid cloud and AI strategy in the region.
続きを読む »
Hibs make four changes for upcoming matchHibs manager Nick Montgomery has made four changes to the side ahead of their next match. The changes include Jojo Wollacott starting in goal, Lewis Stevenson replacing Jordan Obita, Dylan Levitt coming in for Joe Newell, and Adam Le Fondre being preferred up front.
続きを読む »
Lakers, after promising changes to their rotation, go big to secure another comeback winThe Lakers have seen early success with a larger lineup in crunch time. But there are still plenty of questions that need answers.
続きを読む »