"IBM's Innovative Retirement Plan Sparks Industry Excitement"

IBM has introduced a new retirement benefit account, similar to a pension, in place of its 401(k) match, causing a stir in the retirement industry. Employees will have 5% of their salary put into this account, with the option to take a lump sum or receive lifetime annuity payments. This move aims to address concerns about outliving retirement savings and reflects a trend towards guaranteed income options in the industry.