How the Board is set up
The Trustee has responsibility for the IBM Pension Plan – Defined Benefit sections (C, N and Data Sciences) and Defined Contribution section (M and Enhanced M Plans) - and the IBM IT Solutions Pension Scheme (I Plan).
Until May 2012, the Trustee will be comprised of 12 directors; eight appointed by the Company and four MNDs elected by active and retiree members.
On 1 May 2012, the term of office for the current MNDs will come to an end, creating vacancies on the Trustee Board. Following the Company's decision to reduce the number of Trustee Directors from 12 to 9 the number of MNDs on the Board will reduce from four to three. The Trustee has decided that two of the MNDs will be active (in service) members and one will be a retiree member.
You can view the Arrangements for the MND election by clicking here.
Last Updated: 03/01/2012
