Government change to some benefits
In the light of the recent announcement by the Government about the future use of consumer prices rather than retail prices to increase some benefits, tax credits and public sector pensions, the Trustee is reviewing the rules of the IBM Pension Plan and the IBM IT Solutions Pension Scheme.
If there are any changes to the current practice for calculating benefits, such as pension increases or the revaluation of pensions in deferment within the IBM Pension Plan and the IBM IT Solutions Pension Scheme, these will be communicated to those members who may be affected once the review has been completed.
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Last Updated: 27/08/2010
