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14 Σεπ 2022 · For some participants and beneficiaries in the IBM Personal Pension Plan who commenced benefits before January 1, 2016, IBM has transferred the obligation to pay benefits to Prudential and MetLife.
Welcome to IBM Pensions Trust. XPS Administration is now responsible for administering the Defined Benefit (DB) Sections of the IBM Pension Plan and IBM I.T. Solutions Pension Scheme (together the Plans). This is the website for DB members, which is run by XPS.
1 Ιαν 2023 · IBM Retiree Benefits Plan. You are covered by the IBM Retiree Benefits Plan (e.g. Supplemental Health, Dental and Group Life Insurance) if you retired as a full time employee prior to October 1, 1994 and met the post retirements benefits eligibility in place at the time of your retirement.
MyPension is IBM Pensions Trust’s secure service (run by XPS) that allows you to manage your defined benefit pension online, anytime, anywhere.
28 Δεκ 2023 · Starting in 2024, however, it will fund a 5% credit into a “Retirement Benefits Account” for each employee. The “Retirement Benefits Account” is a cash balance plan, a type of DB pension plan, which IBM will create within its legacy frozen pension plan. This means that IBM has reopened its pension plan!
9 Φεβ 2024 · Last month, IBM thawed out a defined benefit pension plan that it had frozen more than 15 years ago. The company has also stopped making contributions into employee 401(k) accounts.
