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	<title>LegalNewsWatch &#187; Cash-Balance Pension Plans</title>
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		<title>IBM Agrees to Pay $300M to Settle Pension Class Action Lawsuit</title>
		<link>http://www.legalnewswatch.com/455/ibm-agrees-to-pay-300m-to-settle-pension-class-action-lawsuit</link>
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		<pubDate>Tue, 05 Oct 2004 00:29:58 +0000</pubDate>
		<dc:creator>Mario Lozano</dc:creator>
				<category><![CDATA[Cash-Balance Pension Plans]]></category>

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		<description><![CDATA[IBM said on Thursday that it had agreed to pay $300 million to resolve certain claims in the class action lawsuit relating to its new cash-balance pension plan.
Under the settlement, current and former employees would be eligible to receive an incremental pension benefit worth approximately $300 million in exchange for the settlement of certain claims [...]]]></description>
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