12-23-2003, 07:57 PM
ok, Younger employees like 401K, Older employees like DB. Longer term employees like DB, Job hoppers like 401. It's all a matter of your market and employees. IBM tried to change it's pension plan from a traditional DB to Cash Balance that emulates a DC plan but there was an uproar it's culture was long term service employees. The employees at IBM felt that they would work only at IBM for 30 years. IBM wanted to attrack fresh ideas and fast trackers who tend to only work at companies for a short period of time. The current culture was the reason IBM has slipped: Very Safe and Very few new ideas. Also, employees at IBM are better at math and actually valued their pension plan. It's not necessarily a "union thing".
<img src="http://www.blazingconcepts.com/img/syd/sloatsig.jpg">
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<center>Boy the way Glen Miller played,
songs that made the hit parade,
guys like us we had it made,
those were the days,
and you know where you were then,
girls were girls and men were men,
mister we could use a man like Herbert Hoover again,
didn't need no welfare states
everybody pulled his weight,
gee our old Lasalle ran great,
those were the days!</center>
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<center>Boy the way Glen Miller played,
songs that made the hit parade,
guys like us we had it made,
those were the days,
and you know where you were then,
girls were girls and men were men,
mister we could use a man like Herbert Hoover again,
didn't need no welfare states
everybody pulled his weight,
gee our old Lasalle ran great,
those were the days!</center>