Attorney: Judge Rules Against IBM in Pension Case

[antigop]

http://biz.yahoo.com/djus/030731/1726001756_1.html

>>
Dow Jones Business News
Attorney: Judge Rules Against IBM in Pension Case
Thursday July 31, 5:26 pm ET

NEW YORK -- A federal judge ruled International Business Machine Corp.'s pension system shortchanges its older employees, said a plaintiffs attorney.

Doug Sprong, a benefits lawyer in Belleville, Ill., who represented the plaintiffs, said Judge G. Patrick Murphy's ruling "unequivocally held that the cash-balance formula currently used by IBM to calculate pension benefits unlawfully discriminates against older workers."
>>

WHOOPEE!!!!!!

[sinkingfeeling]

1. I'm so happy.....

they shafted me in 2002!!! Of course, they will appeal.

[MaineDem]

5. I hope they're made to pay

Good luck getting "un-shafted".

This is great news!

[SharonAnn]

2. That's great news! They were the example

that other companies were watching to see if they could get away with it too!

We'll be seeing more of this kind of scam from companies but this might either slow them down or force them to reconfigure them so that they don't disadvantage older workers.e

[gristy]

3. That is excellent news.

The courts are often the only place where justice can be had nowadays.

[antigop]

4. And that's why the judicial nominations are so important

<eom>

[revcarol]

6. This was a cause celebre for Bernie Sanders!!

He held public hearings that exposed the problem to the nation!!Nice going, Bernie. You make the whole nation proud.