IBM Retirement Plan Shifts to Pension Model, Dropping 401(k) Match
Armonk, New York – IBM is making significant changes to its retirement plan, shifting away from the 401(k) model and towards a more traditional pension-like system. The technology company recently announced that it will discontinue its 401(k) match for employees, a move that has sparked discussions within the industry and raised questions about the future of retirement benefits in the corporate world. The decision to end the 401(k) match is a departure from the prevalent …