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Page updated 05 Aug 2011

IBM Australia Human Resources department uses this page for communications with QCC members and retired IBMA employees. One idea under consideration is to provide advice and assistance to those preparing for retirement - revisit this space periodically for more on this.

GLI (death benefit)

Updated HR contact details 10 Mar 2010

The following clarification of the GLI (death benefit) eligibility for retired IBMA employees has been provided by IBMA Finance. For queries please contact IBM Human Resources by email at buzzhr1@au1.ibm.com or you can contact Peter Spelling on (02) 9354 7140 or spelling@au1.ibm.com.

For an ex-employee to be eligible for the Group Life Insurance (GLI) for Retired Employees benefit he/she must have 'retired' from IBM on or before September 30, 1995.

This means that employees who left IBM prior to reaching Early Retirement age (55) are not eligible for the benefit (even if they had qualified for the QCC at that time).

IBM Employees (including QCC members) who 'retired' on or after October 1, 1995 are not eligible for the benefit because they received a Part IV benefit in lieu of the GLI benefit. IBM Employees who left on or after that date (without 'retiring') are not eligible for either GLI or Part IV benefits.

Eligibility is confirmed by checking an AMP Annuities listing which shows all ex-employees who 'retired' prior to September 1995 and are in receipt of the Annuity.

The current, and future, funeral benefit, which has never changed, is $5,000.

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