We have been told that that our pensions will always be safe.
What are your thoughts about the claim?
7 replies (most recent on top)
Safe? OMG
Safe
We are planning on buying your pensions out with boxes of tide pods.
Get your head out of your a-- Immelt and come clean. I demand you go to prison with Clinton.. Share a bed who cares...
Say good bye to are pension. Spring or summer is when you will here about pension restructuring after a lot more layoffs.
Not only can they restructure payment in bankruptcy, they can continue to operate as well. All these years we'd read about GE being the best at avoiding tax payments... I would just laugh and shake my head. Guess the laughing is over, now that we are about to get f#$ked too. Salary, hourly, union, non-union...makes no difference.
The understanding is that our pension, because of the way it is set up, is guarantied by the Fed up to $5K a month. That being said, if they file chapter 11, they can reduce our amount, and the amount of the reduction will be just gone. The Fed already made GE pay back $500 million to the fund, so they are on it. Nobody wants this to be another Enron. I think the SEC investigation will dovetail into the ongoing investigation of the Clinton Foundation, that Immelt was so fond of giving to, probably find out out how many of the pension fund dollars went to the globalist agenda and not buying back stock. The Fed wanted GE emails about 6 years ago involving Immelt and The Clinton's, and since Immelt was the Job Czar, they told the Fed no, and got away with it. Find the emails. If $45 billion amount of stock was bought back, it would have boosted the stock unto Boeing levels. Follow the money and start hanging these people. I hold every business leader and board member to account for this, they knew of it and did nothing.