Wednesday, February 15, 2012

General motors pension freeze

  • General Motors is showing its plan to offer bonuses instead of pay raises isnt just for factory workers. GM said today it plans to freeze its U.S.
  • (USA Today)
  • DETROIT (AP) - General Motors Co. says it plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried workers annual bonuses instead of pay raises in an effort to hold down expenses.
  • (KSDK)
  • General Motors Co. is eliminating annual pension contributions for U.S. salaried workers who still receive them and will pare 2011 bonuses for all salaried workers, the auto maker said on Wednesday.
  • (Wall Street Journal)
  • IF General Motors lost their pensions, and had their wages and benefits cut, things would have been so much better.
  • (AlterNet)
  • General Motors Co., Detroit, on Sept. 30 will freeze the defined benefit pension plans of certain salaried workers hired before 2001, confirmed spokesman James Cain. Effective Sept. 30, the firm will contribute to a 401(k) plan for those workers.
  • (pionline)
  • The federal pension-insurance agency filed $91 million in liens a bankruptcy stay linked to toxic products that has lasted nearly 11 years.
  • (Pioneer Press)

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