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GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.

 
blu
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10/08/2019 10:22 PM
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GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
It's being done now.
Anonymous Coward
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10/08/2019 10:23 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
Thanks for the link OP
Anonymous Coward
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10/08/2019 10:25 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
The GE that pays $0 American taxes? What a surprise
Anonymous Coward
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10/08/2019 10:41 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
LINK??????
Anonymous Coward
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10/08/2019 10:44 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
[link to www.marketwatch.com (secure)]


"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.

The stock GE, -3.27% ended a seesaw session to close down 0.1%, after being down as much as 1.1% and up as much as 0.9% intraday.

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."
Jake

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10/08/2019 10:49 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
Fukushima cleanup bankrupted GE
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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10/08/2019 10:53 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
[link to www.marketwatch.com (secure)]


"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.

The stock GE, -3.27% ended a seesaw session to close down 0.1%, after being down as much as 1.1% and up as much as 0.9% intraday.

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."
 Quoting: Anonymous Coward 42324467


Thanks. Well that's bad news for the people. Hasn't their stock been in the tank for a while now?
The Vigilant
Just A Watcher on the Wall

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10/08/2019 10:56 PM

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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
[link to www.marketwatch.com (secure)]


"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.

The stock GE, -3.27% ended a seesaw session to close down 0.1%, after being down as much as 1.1% and up as much as 0.9% intraday.

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."
 Quoting: Anonymous Coward 42324467


Thanks. Well that's bad news for the people. Hasn't their stock been in the tank for a while now?
 Quoting: Anonymous Coward 77967733


As usual, those at the bottom pay for the incompetence of those at the top.

Class-Action Lawsuit in 3, 2, 1,...
"Sir, are you classified as human?"

"Negative. I am a meat-popsicle." ~Corbin Dallas
Anonymous Coward
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10/08/2019 11:32 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
This is just wrong.
Anonymous Coward
User ID: 73174030
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10/08/2019 11:36 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
Put your trust in government and you will get what you deserve. Mega corps tied in with governments are governments. I put no trust in my government to deliver the funds stolen from me when I need them most.
canalien*

User ID: 77541286
Canada
10/08/2019 11:41 PM

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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
Does that mean all the people who have already
retired lose their pensions?

If so, that'll be enough to cause an uprising right there.

Just read the link, yes people already retired will have no change
in their benefits

Last Edited by canalien* on 10/08/2019 11:45 PM
Anonymous Coward
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10/08/2019 11:44 PM
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Re: GE has frozen 20k pensions. Sets up ability for other companies to do the same. Ford likely to follow.
Put your trust in government and you will get what you deserve. Mega corps tied in with governments are governments. I put no trust in my government to deliver the funds stolen from me when I need them most.
 Quoting: Anonymous Coward 73174030


I’m glad I invested nothing

Not time ,nor money

Everything is a lie





GLP