IBM offers employees savings accounts for training and education - Steve Lohr, International Herald Tribune

In today's economy, corporations freely roam the globe for the most efficient, lowest-cost sources of supplies and labor, while American workers are told that the way to compete is to improve their skills constantly with training and education.... International Business Machines, at a conference in Washington on Wednesday, was announcing that it will begin offering its employees in the United States specialized savings accounts for training and education. The "learning accounts" will be modeled on 401(k) retirement accounts, which began in the late 1970s. Workers will put up to $1,000 a year into the accounts, and IBM will contribute 50 cents for every dollar put in by the employee.

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