A group of IBM Corp. employees, and at least one ex-employee, all...

A group of IBM Corp. employees, and at least one ex-employee, all members of the IBM Employees Benefits Action Coalition, have submitted a shareholder resolution asking the Armonk, N.Y.-based company to restore retirement and health care benefits offered before it switched to a cash balance pension plan in July. The resolution also calls on IBM to improve the benefits offered under the hybrid plan so employees receive the same monthly pensions (or one-time cash payments that are actuarially equivalent) as they would have under the old pension plan. "The new pension and retirement medical system is a three-tier system based on age, and the younger you are, the more you lose,’’ said James M. Leas, a resolution sponsor.