IBM must REVERSE their recent decision to change the timing of the IBM match and automatic contribution for our 401(k) Plus Plan and Excess 401(k) Plus Plan.
We, the petitioners want IBM to keep the automatic contribution at semi-monthly and NOT an annual contribution.
IBM, by moving the automatic contribution from semi-monthly to an annual contribution effectively denies employees who are terminated in resource actions up to the cut off of December 15 of the given year, the matching contribution from IBM. Furthermore, the movement of the automatic contribution to the end of the year denies interest generated for the employees 401(K) account. Sign this petition to tell IBM to REVERSE this decision, immediately! And if you are an active IBM employee, please Join Alliance@IBM CWA Local 1701.
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Web site: http://www.allianceibm.org
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- IBM Human Resources Director and Executive VP
Randy MacDonald, International Business Machines (IBM USA)
IBM must REVERSE the decision that changes the IBM match 401(k) contribution, from semi-monthly to annually. This decision negatively affects tens of thousands of US IBM employees and their families. IBM is once again, reneging on their respect for their US employees, their families and the communities in which they live. This decision is worse than the Pension decision of 1999, because the 401(k) plan was supposed to supplement the IBM Pension Plan, then. Today, the IBM 401(k) plan is crucial to each employee's future retirement and IBM need not tamper with the original agreement with their US employees. Reverse the decision now.
Alliance@IBM CWA Local 1701 started this petition with a single signature, and now has 1,030 supporters. Start a petition today to change something you care about.