General Motors Cuts Healthcare for Retirees

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General Motors is one of the worst companies to be employed if you have a college degree. My Aunt was a salary employee and no union is the reason her deductable is 2,500 and hourly is 500.00. Support your unions for a voice and buy from companies that manufacture 100% American made products or atlease 75% American made.

autum of KY 7:49AM August 20, 2012

On June 1st , General Motors announced that they intended to reduce their pension plan liabilities by 26 billion dollars. The proposed savings comes in the form of a revised pension plan that offers selected U.S. retirees the option of choosing a lump-sum payment offer, and other retired GM employees a continuing monthly pension plan payments. The website http://www.gmpensionbuyout.net offers a useful guide that outlines the new pension plan changes. Individuals affected by these changes are strongly encouraged to seek advice from a qualified financial advisor before making any changes to their plan before the July 20, 2012 deadline.

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