IBM’s pension idea and the future of retirement plans
The unusual addition of a cash balance plan could benefit the company and, observers say, workers.
IBM made waves in the retirement plan world last month when the company revealed that it’s going back to a defined-benefit pension of sorts in lieu of contributing to employees’ 401(k) accounts.
At the beginning of 2024, the 5% match the company currently provides within the 401(k
Learn more about reprints and licensing for this article.