BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
1999: IBM Corp. adopts cash balance plan.
1999: Older IBM employees file suit, charging that the plan violates age discrimination laws.
2003: U.S. District Court Judge G. Patrick Murphy rules that the plan is age discriminatory.
2004: Partial settlement between IBM and plaintiffs caps IBM's liability at $1.4 billion if IBM loses its appeal of Judge Murphy ruling.
2004: IBM announces it will close off its cash balance plan, effective Jan. 1, 2005, to new employees in favor of an enhanced 401(k) plan.
2006: IBM announces it will completely freeze its cash balance plan, effective Jan. 1, 2008.
2006: 7th U.S. Circuit Court of Appeals reverses Judge Murphy's decision, ruling that cash balance plans in general and IBM's plan in particular do not discriminate against older employees.
2007: U.S. Supreme Court declines to review IBM case and lets stand appeals court ruling.