IBM » Topics » IBM RETIREE BENEFITS PLAN

This excerpt taken from the IBM DEF 14A filed Mar 9, 2009.

IBM RETIREE BENEFITS PLAN

 

·                  Medical, dental and vision insurance coverage, partially subsidized by the Company, is provided to former employees and their eligible dependents.

 

·                  This coverage is available to all U.S. regular employees who, as of June 30, 1999, were within five years of satisfying either of the following criteria (and who actually satisfied at least one of these):

 

a.   30 years of service with the Company, or

 

b.   Age 55 with at least 15 years of service with the Company.

 

·                  Mr. Palmisano and Mr. Mills would have been eligible for this benefit following a termination of employment on the last business day of the fiscal year ended.

 

This excerpt taken from the IBM DEF 14A filed Mar 10, 2008.

IBM Retiree Benefits Plan:

 

·                  Medical, dental and vision insurance coverage, partially subsidized by the Company, is provided to former employees and their eligible dependents.

 

·                  It is available to all U.S. regular employees who, as of June 30, 1999, were within five years of satisfying either of the following criteria (and who actually satisfied at least one of these):

 

(a) 30 years of service with the Company or

 

(b) Age 55 with at least 15 years of service with the Company.

 

·                  Messrs. Palmisano and Mills would have been eligible for this benefit following a termination of employment on the last business day of the fiscal year ended.

 

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