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October 01, 2004

DJ UPDATE: IBM Pension Settlement Leaves Unresolved Issues

It's not over until it's over - and it's not over yet. A high-profile pension lawsuit against International Business Machines Corp. (IBM) by former employees reached a milestone on Wednesday with the announcement of a big legal settlement. But the move doesn't resolve a number of key issues surrounding the case. Two big questions remain. One is whether IBM will ultimately be forced to pay out more money on top of the hefty settlement. The other is how to fix longstanding problems surrounding cash-balance plans.

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Posted by Tom Troceen