IBM pension move tightens focus on 401(k) security
IBM announced a freeze of its U.S. pension for 125,000 workers in 2008 and will boost 401(k) security by dollar-for-dollar matching up to 6 percent of salary plus automatic 1 to 4 percent annual contributions. The move highlights shifting retirement risk from employers to employees and prompts calls for broader reforms to 401(k) plans and automatic enrollment.
MENTIONED IN THIS ARTICLE
IBM
Boston
U.S
International Business Machines Corp
Watson Wyatt Worldwide
Hewlett-Packard Co
Motorola Inc
Verizon Communications Inc
Big Blue
Mark Iwry
Retirement Security Project
Treasury Department
Iwry
James Klein
American Benefits Council
Chamber luncheon to select board of directors in Highlands
The Greater Highlands and Lynchburg Chamber of Commerce will host a noon to 1 p.m. luncheon on Thursday at the Highlands Community Center. Members will nominate and vote on eight new directors to join seven existing members for 2006, then those 15 will elect five executive directors. Lunch by Backdraft BBQ costs 10 dollars for members and five dollars for first-time guests. The group seeks a part-time executive administrator, 1 to 2 p.m. Monday, Wednesday and Friday, with resume to 127 San Jacinto, Highlands, TX 77562 or fax to 281-426-8742.
MENTIONED IN THIS ARTICLE
Greater
Greater Highlands and Lynchburg
Lynchburg
Baker to Speak at SBDC Breakfast
Lee College SBDC hosts a Wednesday Business Breakfast at Golden Corral 4610 Garth Baytown from 7 to 9 am. Guest speaker is David Baker of Centerpoint Energy. Cost is 5 dollars with reservation 8 dollars without. Reservations 281-425-6556 or 281-425-6309. Breakfast aims to help Lee College service area business network and learn timely local business information.
MENTIONED IN THIS ARTICLE
Lee College
Small Business Development Center
SBDC
Golden Corral
Garth
Baytown
David Baker
Centerpoint Energy
Local development group to host business seminar
The Baytown-West Chambers County Economic Development Foundation will host an informational seminar on Site Selection Findings Related to Houston's Logistics and Distribution Infrastructure. Jon DeCesare, CEO of World Class Logistics Consulting Inc., will present. The event runs 7:30 to 10:45 a.m. Thursday at the Lee College student room, with a $15 fee and breakfast. RSVP requested by Tuesday via Vickie Page at 281-420-2961. seating limited to 100.
MENTIONED IN THIS ARTICLE
Baytown-West Chambers County
Baytown issues permits for residential and commercial work
City inspections show total building permits valued at 343 244 for Dec 30 to Jan 5, plus 200 274 for commercial add ons and remodeling. Notable filings include new residences at 717 Lloyd Lane for 112 970 by Terrell Construction, a storage building 4 400 for Matt Dobbs DVM, and a fire damage remodel at 5308 Shirley for 30 000.
MENTIONED IN THIS ARTICLE
City of
la Quinta Inn Inc
Alfred J. Scott
Matt Dobbs
DVM
National Convenience Store
Lloyd Lane
James M. Terrell
Terrell Construction
Shirley
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