The GM Decision

Jul 15, 2008

  1. Mr. Bill
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    Just heard on the radio, GM will (finally) eliminate retiree medical for over 65.
     
    Mr. Bill, Jul 15, 2008
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  2. senior-advisor-indiana
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    Wow. Thats a huge group losing coverage. Did they say when?
     
  3. moonlightandmargaritas
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    I did read that they will get a corresponding "pension offset", presumably to buy a med supp?
     
  4. senior-advisor-indiana
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    I googled and didn't find anything.
     
  5. senior-advisor-indiana
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    Ahhh, it just came on the news.
     
  6. senior-advisor-indiana
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    It didn't say much about retirees losing coverage.
     
  7. moonlightandmargaritas
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  8. moonlightandmargaritas
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    Just read it carefully. It's NOT retirees. It's older than 65 salaried employees.
     
  9. Crabcake Johnny
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    Wow...that's a big deal. My father uses his retirement benefits from GE and it's a big deal. If he lost that....
     
  10. jdeasy
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    Yes, it is a big deal. I am a Goodyear retiree and nearly lost our benefits a year and a half ago. Goodyear proposed to eliminate all retiree health benefits. The union workers were on strike for 3 months to prevent that from happening. I have had a for my health coverage since Jan. '07, but, I still have it.

    I'm 15 years from medicare, so, it would be a huge loss for those in my age group to lose the healthcare that we worked for. GM is the bellweather company for these changes. They will pressure the union to make these changes and, if successful, other companies will shortly follow suit.
     
    jdeasy, Jul 15, 2008
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