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IBM to offer financial training: EMPLOYEES WILL GET HELP WITH 401(K)S.
Byline: Steve Johnson
Mar. 8--International Business Machines on Wednesday announced a $50 million effort to teach its employees financial and retirement planning, in light of the company's decision to shift from a traditional pension to an employee supervised 401(k) plan.
Under the five-year educational program, IBM has set up a financial planning Web site and will launch a series of financial planning seminars this month for its 127,000 U.S. employees, 6,500 of whom work in the Bay Area.
The idea is to provide information about everything from how to pay off college debts to tucking away enough money to live comfortably in retirement.
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