Did anyone read the news article about government ok the idea of pension buyouts?? You think that will affect us at GE??
10 replies (most recent on top)
So it was a troll. Okay.
You got trolled back. Good.
No time travel needed. Here's an article from 14 days ago:
https://www.forbes.com/sites/ashleaebeling/2019/03/07/trump-treasury-backtracks-on-lump-sum-pension-rules-meant-to-protect-retirees/
Your link was posted 9 hours ago. At least you posted a link. His thread was posted 6 days ago.
Employers get easier path to dump retirees' pensions
Lydia Depillis 9 hrs ago
Maybe he is a time traveler.
No body made it up. https://www.phillytrib.com/news/business/employers-get-easier-path-to-dump-retirees-pensions/article_75b3b2d9-0adf-55d3-87fd-ff00b4cbbf02.html
Yeah GE is a man of its word. No worries here. Do you sense the sarcasm?
From the last contract:
“GE Letter Guarantees No Freeze to Pension Through 2023
• GE has provided a side letter to address concerns about the future of the GE Pension Plan.”
No, no one read an article about something you just made up out of thin air.
I would like to see where it states it’s “locked in”. That’s an erroneous statements. Three things contribute to GE’s headache, head count, healthcare, and pension.
No pension buyout the pension is locked in for roughly 4 more years
Buyout will be determined by the union contract this year. My guess is that it would be frozen rather than a buy out. At least for now. They don’t have the funds to pay it out right now.