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U.S. [x] , 401(k) plan [x]

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IBM freezes pension, switches to 401(k)

 January 5, 2006 To save billions of dollars, Big Blue is halting contributions to its pension fund and shifting workers to an expanded 401(k). TAGS: 401(k) plan, benefit plan, pension, pension fund, defined contribution plan, pension plan, Pension Benefit Guaranty Corp., uncertainty, IBM Corp., interest rate, payment, U.S.
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