GM reaches agreement to provide pension security for Delphi retirees

clock

US - New General Motors has reached a tentative agreement with a union to provide security for retirees who are facing the loss of their pension and healthcare arrangements.

The agreement between the International Union of Electrical Workers-Communications Workers (IUE-CWA) union and the new GM provides a top-up for Delphi retirees, after their pensions were surrendere...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Plan Design

Laying the groundwork

While a number of hurdles still stand in the path of multinationals looking to implement pan-European pension plans, Mercer's Barry D. Mack argues the time is right to start the process

Barry D. Mack, Mercer
clock 10 October 2008 •

Bridging the DC/DB gap

Lorant Porkolab outlines the whys and wherefores of risk sharing in occupational pension schemes, an approach offering a compromise between DB and DC

Lorant Porkolab
clock 29 August 2008 •

Asset allocation in the new environment

Joseph Mariathasan throws a spotlight on asset allocation, asking who should be making the decisions and who is best qualified to give advice

Joseph Mariathasan
clock 04 March 2008 •
Trustpilot