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Posted on
1/29/2009
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Retirement COLA
NCR Corporation has more than 3 billion dollars in it retirement account with approximately 56,000 retirees. this money was set asside over the years for the benefit of the employees at that time. While there is no legal obligation to disburse these funds to the retirees there is a moral obligation to do so. After more than 15 years of retirement I think it is in the best interest of the retirees to receive a cost of living increase in order to maintain a lifestyle that is above the poverty leve. The management of this company continues to line their pockets while the people who worked through the tough times of the 70's and 80's and kept this company alive do not have the benefits of their retirement plan that others receive and well deserve, It is time that the executive officers of NCR do the right thing and turn the retirement funds over to a third party to administer in a way that benefits the retirees. COLA's are necessary to survive.
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