Traditional pension plans haven’t come back.
Last month, IBM thawed out a defined benefit pension plan that it had froze more than 15 years ago.
These moves are startling, because, on the surface, at least, IBM seems to be reversing a decades-long trend of corporations moving away from traditional pension plans.
IBM’s new approach is significant because the company has been a leader in employee benefit policymaking.
In fact, IBM’s new pension plan isn’t nearly as generous to long-tenured employees compared with its predecessor.
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