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On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account."
Last week, IBM reported its first quarterly earnings miss in eight years, and the company said at the time that it would spend $1 billion cutting jobs among its workforce as a way to reduce expenses.
A new survey conducted by Ford Motor Co. found that 52% of employed people globally would be willing to take a 20% pay cut for better work/life balance. "It shocked us.
In fact, a majority would even take a pay cut. Learn: Ramit Sethi Shares 3 Tips for Becoming Rich on an Average Salary Explore: Pocket an Extra $400 a Month With This Simple Hack.
Robert Lord (born March 12, 1961), is an American business executive, serving as a Senior Vice President at IBM. Lord oversees The Weather Company and Alliances, Watson Advertising and TradeLens. Prior to his current role, Lord served as Senior Vice President of IBM’s Worldwide Ecosystems business, where he transformed the ecosystem business ...
The federal Social Security Check Tax Cut Act would similarly phase out federal taxes on Social Security benefits, beginning with a 10% cut in year one and increasing to 20% in year two.
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