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Old 12-12-2012, 02:06 PM   #26
Doppel
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This is a hugely raw deal for workers. But that is status quo for corporate America.

That said dollar cost averaging is overrated anyway and as far as this is concerned it is still in play--just over a yearly period instead of a semi monthly one.
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Old 12-12-2012, 02:44 PM   #27
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This is a hugely raw deal for workers. But that is status quo for corporate America.

That said dollar cost averaging is overrated anyway and as far as this is concerned it is still in play--just over a yearly period instead of a semi monthly one.
Take someone making six figures and no... Dollar cost averaging isn't overrated especially when you factor those small gains in over the course of many years.
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Old 12-12-2012, 02:50 PM   #28
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Its not your money if its not under your control. The baby boomers are now learning that the hard way. Of course everyones retirement will get screwed. It only worked while the baby boomers were in their working prime ages. Now that they are retiring top heavy demographics like that and retirement is a huge fail.

They got screwed over a long, long time ago and are just now figuring it out.

My favorite example is Cali's $58b pension liability and $3b set side for it. So they're going to have to extract a helluva lot of money from education, law enforcement etc. It'll choke off the economy.
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Old 12-12-2012, 03:04 PM   #29
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Its not your money if its not under your control. The baby boomers are now learning that the hard way. Of course everyones retirement will get screwed. It only worked while the baby boomers were in their working prime ages. Now that they are retiring top heavy demographics like that and retirement is a huge fail.

They got screwed over a long, long time ago and are just now figuring it out.

My favorite example is Cali's $58b pension liability and $3b set side for it. So they're going to have to extract a helluva lot of money from education, law enforcement etc. It'll choke off the economy.
You mean pensions aren't magically better than 401Ks after all?
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Old 12-12-2012, 04:32 PM   #30
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They are? I've never heard that, and they're on several different "top employer" or "ideal employer" lists.....

For example: http://www.universumglobal.com/IDEAL...Student-Survey

If they're so horrible, what prevents the workers from going to some other place that's not as horrible?
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Because the one thing they're good at is catering to working mothers (there's some magazine called 'working mothers magazine' or something and they're ranked #1 almost every year). Many jobs are work at home telecommute type jobs with flextime. So if that's important to you, you'll give a lot of concessions in terms of benefits/pay because most companies don't give that out. If you work in an office for IBM like i did, you didn't get that benefit and i don't know a single person working there still (or left) that still thinks IBM is a good place to work for.

IBM is notorious for fucking over their workers over pay/benefits, finding every way to outsource, finding every dirty trick to hire H1-B's over Americans, etc.

Holy fucking shit, i take that back pokerguy:

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The results of the American Student Survey reveal how students perceive organizations as employers in the United States.

...

The rankings below reveal how attractive an employer is among students and indicates a company’s position in relation to other ideal employers in the recruitment market.
ARE YOU FUCKING KIDDING ME?

These aren't even people who work at these companies!
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Old 12-12-2012, 04:48 PM   #31
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I'm just waiting for them to do a mass layoff on Dec 28th now. After all, it's best to fire workers on a Friday.
That would be pretty funny because if you're there on Dec 15 you get the 401k match.

Also, the policy won't begin until the start of 2013.

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Old 12-12-2012, 04:49 PM   #32
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Seems like a sleazy, cheap, tacky thing to do.

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Old 12-12-2012, 05:06 PM   #33
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Seems like a sleazy, cheap, tacky thing to do.

Fern
So you're saying IBM is a corporation.

Also why do corporate cocksuckers (aka republicans) exist when these things happen all the time?
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Old 12-12-2012, 09:59 PM   #34
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So you're saying IBM is a corporation.

Also why do corporate cocksuckers (aka republicans) exist when these things happen all the time?
So IBM and all corporations are there to make sure everyone lives a happy retirement? Are you really that naive?

There are state and federal regulation regarding 401k contributions. IBM is either compliant or not with this new policy. They have the obligation to meet the regulations, nothing more, nothing less. Not sure what is there to argue about.
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Old 12-12-2012, 10:35 PM   #35
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That would be pretty funny because if you're there on Dec 15 you get the 401k match.

Also, the policy won't begin until the start of 2013.

Fern
Wrong too...

IBM has to comply with the WARN Act... and provides 60 days notification on layoff... So they would have to announce my demise by early October of that year.
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Old 12-12-2012, 10:36 PM   #36
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So IBM and all corporations are there to make sure everyone lives a happy retirement? Are you really that naive?

There are state and federal regulation regarding 401k contributions. IBM is either compliant or not with this new policy. They have the obligation to meet the regulations, nothing more, nothing less. Not sure what is there to argue about.
There is one argument... That if they layoff workers those workers may have a class action suit to claim their match for that year.
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Old 12-13-2012, 06:53 AM   #37
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This is typical of big Corps. Slowly chip away at benefits = increase profits. A price on everything, except morale.
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Old 12-13-2012, 07:06 AM   #38
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Wrong too...

IBM has to comply with the WARN Act... and provides 60 days notification on layoff... So they would have to announce my demise by early October of that year.

Ha, IBM gets around the WARN act all the time; they are pros at it.

"Even more alarming is that IBM is structuring these layoffs so that they aren't obligated to report them per the Worker Adjustment and Retraining Notification Act (WARN) of 1988"

http://articles.businessinsider.com/2012-03-19/news/31209499_1_alliance-ibm-workforce-numbers-jobs
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Old 12-13-2012, 08:44 AM   #39
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These aren't even people who work at these companies!
Those are prospective new employees. I just used that as one example. You said IBM is "notorious" for treating their employees badly. I'd never heard that before. I don't know if it's true, just saying I've never heard that, I've often seen IBM rated as one of the better employers out there.
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Old 12-13-2012, 08:49 AM   #40
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Those are prospective new employees. I just used that as one example. You said IBM is "notorious" for treating their employees badly. I'd never heard that before. I don't know if it's true, just saying I've never heard that, I've often seen IBM rated as one of the better employers out there.
And that's exactly why i said a few posts before yours that IBM's reputation from several decades ago never seems to go untarnished:

http://forums.anandtech.com/showpost...6&postcount=12

Anyone who's ever worked there knows IBM is shit.

Edit, from IBM's union website:

http://www.endicottalliance.org/

The shrinking IBM
US employee population courtesy - IBM's annual reports
and other sources:
(Also take into account that IBM was buying companies/employees at the same time.)
IBM stopped reporting
US headcount in 2010
*Alliance Estimate
2012: *84,500
2011: *98,000
2010:*101,000
2009: 105,000
2008: 115,000
2007: 121,000
2006: 127,000
2005: 133,789


My department was outsourced to Slovakia about 8 months after i left the company for another job.
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Last edited by Phokus; 12-13-2012 at 08:52 AM.
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Old 12-13-2012, 12:38 PM   #41
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Ha, IBM gets around the WARN act all the time; they are pros at it.

"Even more alarming is that IBM is structuring these layoffs so that they aren't obligated to report them per the Worker Adjustment and Retraining Notification Act (WARN) of 1988"

http://articles.businessinsider.com/2012-03-19/news/31209499_1_alliance-ibm-workforce-numbers-jobs
True... Provided the layoff is not of a certain size. That is any company though.
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