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This section will provide you with all of the information you need to know regarding who to contact for your existing benefit coverages as well as your retirement income information. Also included are Instructions for accessing the GM Canada Benefits Centre website, as well as the latest bulletins and useful external websites.
- How It Got Here
- What The Workers Say
- What’s Next
When GM went through bankruptcy in June 2009 due to massive losses during the Great Recession, the company said it would not assume pension liabilities for the Delphi unit’s salaried workers — largely because it didn’t have an agreement with them, as it had negotiated with unions for hourly workers. The government’s Pension Benefit Guaranty Corp. t...
“The reality is that salaried workers were singled out and it’s the government that caused this,” said Bruce Gump, who lost 40% of his pension and serves as chairman of the Delphi Salaried Retirees Association. At a Thursday press conference celebrating the House action, Gump said that “for the first time we have good reason to have hope that our g...
The legislation would require the government to “top up” the pensions of the salaried Delphi workers, as GM did for the unionized workers. With the bill’s fate now in the Senate, Rep. Tim Ryan, D-Ohio, said Thursday: “We’ve just going to press this thing to the very, very end. ... Let’s keep the heat on.” Bill Kadereit, president of the National Re...
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With the recent news of pension buyouts and lump sum offering the root pension benefits associated with the General Motors program have become muddled. On this page we will attempt to cover both the original pension benefits for both blue and white collar employees / retirees.
Jul 1, 2009 · In the short term, G.M.’s newly minted retirees, those in their 40s and 50s, have the most to lose if the plan is rapidly depleted and fails. But over time, the risk will shift to the government...
GMRetiree.com is the official General Motors Website for United States Retirees. This includes both former hourly and salaried employees. The purpose of this website is not only to provide a gateway to the pension benefits but also to keep retirees in the know and connected with the GM network.
Jul 17, 2012 · GM informed 118,000 of its white-collar retirees of upcoming changes to its pension program on June 1. At the crux of the change is the decision by No. 1 U.S. automaker to get out of the pension...
Sep 29, 2022 · Three out of 10 eligible General Motors salaried retirees selected the lump-sum pension option, instead of continuing to receive a monthly check, back in 2012, according to GM at that...
