Blogging Employee Benefits

February 7, 2006

Pension Ice Age Reaches GM

Filed under: Healthcare, Pensions — Fuguerre @ 9:27 am

Details on followthrough remain to be worked out, but General Motors has decided to freeze accruals under its pension plan for U.S. salaried workers. [Press Release] A replacement cash balance pension plan or defined contribution plan are being considered. Details are to be announced next month.

Beginning in 2007, GM also plans to cap its retiree health care expenditures for salaried workers at the 2006 level.

1 Comment »

  1. Pension benefits to be frozen for all U.S. salaried workers effective 1/1/07. [Form 8-K]

    Concurrently, supplemental retirement benefits to be modified for executives. [Form 8-K]

    Comment by Fuguerre — March 8, 2006 @ 8:54 am

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at

%d bloggers like this: