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retirees

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    Report: Court upholds pension cuts to 100 retired GM execs
    1375992060

    100 retired executives from General Motors will soldier on with smaller pensions after a trio of judges in the Sixth Circuit Court of Appeals in Cincinnati, ruled in favor of the automaker. The dispute stemmed from the requirements made by the Obama administration as part of GM's bankruptcy and ...

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    Report: Detroit automakers paying $305M to UAW retirees for inflation bonus
    1292599740

    The Detroit Three's 267,000 hourly retirees will soon receive a COLA (cost of living allowance) of $700 each to cover the cost of inflation; an annual tradition that arrives in time for the holiday season. The 72,000 surviving spouses will also be rewarded with up to $455 to help with rising costs. ...

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