Senators ask IBM to abandon plan for year-end 401(k) match

03/17/2013 | AdvisorOne · MarketWatch

IBM's plan to pay workers their 401(k) match in a single lump sum at the end of the year has drawn fire from Sens. Bernard Sanders and Patrick Leahy, who have written a letter asking IBM to reverse its decision. "When a company makes a promise to its employees regarding their pension, it must not renege on those commitments by cutting or deferring their retirement benefits," they wrote.

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AdvisorOne · MarketWatch

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