IBMers in Rochester watch their pensions shrivel

Types | Reports | Grants | Legacy Amendment Digitization (2016-2017) |
September 6, 1999
Art Hughes - Reporter
Listen: IBMers in Rochester watch their pensions shrivel
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Technology industry giant IBM is making a play to attract younger, more productive workers by changing the company's retirement plan. The new system provides more portable benefits that younger employees can take away when they change jobs. The company's previous pension package rewarded long years of service. As a result, many veteran IBM employees are up in arms and some are claiming pension losses of as much as forty percent. IBM employees in Rochester are joining their counterparts across the country trying to get back what they say they've lost.

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