Marco's blog An [almost] daily rant 

Friday, August 01, 2003

A federal court ruled that I.B.M. violated age discrimination laws when it converted its traditional pension plan to one that cut benefits to about 130,000 workers and retirees. Of course, workers who get "resource actioned" before they reach a traditional retirement age benefit from the newer plan. And those who have held more than a few jobs might have never vested in any significant pension under traditional plans.

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