Welcome to the TeamstersOnline.com.
Thanks Thanks:  0
Likes Likes:  0
LOL LOL:  0
Results 1 to 2 of 2
  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,481
    Rep Power
    910

    Default Unions sue GE over retiree health benefits cut

    A group of labor unions has sued General Electric in federal court, contending the company is violating terms of union contracts going back decades by eliminating company-paid medical plans and switching hourly retirees to private health exchanges.
    The unions assert that GE is reneging on contracts that included pledges to provide retirees lifetime medical and pensions. Hourly retirees, including tens of thousands who worked at Appliance Park in Louisville starting decades ago, were informed last summer of the benefits switch starting this Jan. 1.

    Walter Cleland, a retired GE plumber and pipe fitter who lives in Schenectady, N.Y., said the switch effectively doubles the cost of his and his wife's health insurance and prescription drug coverage next year. "We're getting a knife stuck in our back. All of the sudden, ZAM," the 73-year-old Cleland said.
    Unions sue GE over retiree health benefits cut

  2. #2
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,260
    Rep Power
    298

    Default Re: Unions sue GE over retiree health benefits cut

    https://www.marketwatch.com/story/ge...ZvkRGmc-8xcEbk

    GE freezing pensions for 20,000 employees

    General Electric Co. said Monday it is freezing pensions for about 20,000 U.S. employees with salaried benefits, as part of its plan to reduce its pension deficit by up to $8 billion.

    GE said it was also freezing supplementary pension benefits for about 700 employees and offering a limited-time lump-sum payment option to about 100,000 former employees who have not yet started their monthly pension payments.

    The company said there is no change for GE retirees already collecting pension benefits or employees with production benefits. GE’s pension plan has been closed to new entrants since 2012.

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •