IBM publishes on its website:
The Trustee is delighted to share some important news with you. The Trustee has purchased an insurance policy from Standard Life to cover most of the pension benefits due from the I Plan. This step adds extra security and certainty to your pension. It also strengthens the I Plan by reducing the Trustee’s reliance on IBM for future contributions should a shortfall ever arise. Please note that XPS remain the administrator for the I Plan and will continue to make any payments due.
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