Pensions
Former Employee Accuses IBM of ‘Imprudent’ PRT Decision
IBM and State Street stand accused of putting cost savings ahead of retirees’ security by handing $14 billion in pension obligations to a Prudential unit.
Tag: IBM
Pensions
How to Evaluate the Options for a Corporate Pension Plan in Surplus
Capital Group’s Colyar Pridgen points out efficient ways to utilize a pension surplus.
Pensions
IBM Secures $6B Pension Risk Transfer With Prudential
The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.
Pensions
US Pension Risk Transfer Market Hit $51.8 Billion in 2022
Higher interest rates drove a spike in transactions, Aon reports.
Pensions
IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Risk
New General Electric CIO Freezes Pension Fund
The new chief investment officer has been overseeing the underfunded plan for two weeks.
Newsmakers
Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
Newsmakers
Breaking: IBM CIO Harshal Chaudhari Changes Roles
New CIO named as Chaudhari heads into artificial intelligence full time to lead Big Blue's Enterprise Analytics organization.
Corporate Moves
Christian Ministry Pension’s New CIO Is Former IBM-er
Noradeen Farlekas replaces MMBB’s outgoing chief and longtime employee, Candace Cox.
Regulation
Supreme Court to Investigate IBM Stock Drop’s Influence on Corporate 401(k) Plan
Investigation could have wide-ranging effects on corporate pension plans.
IBM, Comcast Sponsor Blockchain Startup Fund
Fund to also connect startups with Fortune 500 clients.
Asset Management Culture
Interrogation: Harshal Chaudhari
Reflections on his first year, de-risking, and how IBM got to the enviable position of having a fully funded plan.
Newsmakers
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.