Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 07-17-2008, 06:32 PM   #21
ziggy29's Avatar
Join Date: Oct 2005
Location: Texas
Posts: 15,419
Originally Posted by Midpack View Post
I never understand why there are articles about GM retirees when this has happened to millions of others for decades. Companies cannot survive the global economy with all these lifetime benefits, (some people) wishing won't make it so. GM still provides pensions and is giving retirees a $3,600/yr bump for MediGap - most of us have neither.
The way I see it is this -- these retirees just went from having a better deal than 98% of all other private sector retirees to having it better than 95% of them.

I don't wish retirement benefit cuts on anyone. But it's honestly hard for me to feel too much anger given that even after this change, they still have received *far* more retirement security than I or most people my age and younger could ever hope to see.

"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-18-2008, 02:06 AM   #22
Thinks s/he gets paid by the post
Finance Dave's Avatar
Join Date: Mar 2007
Posts: 1,026
Originally Posted by rs0460a View Post
I retired from an automotive manufacturing company last year, after almost 30 years of "service".

Anyway, that's a look behind the scenes from somebody's who's "been there, done that".

- Ron
Ron, I currently work in a 'related' industry, have been there 20 years, and can say that your account is nearly dead-on to what I've seen at my company. My company is NOT UAW...but unionized. I started at my company in the union (skilled trades), but moved into management after about 8 years. This has given me the unique perspective of seeing both sides of the operation.

Although our specifics are slightly different, the "story" is the same as yours...good job in explaining it.


Finance Dave is offline   Reply With Quote
Old 07-18-2008, 03:38 AM   #23
Full time employment: Posting here.
Join Date: Feb 2006
Posts: 987
Originally Posted by Finance Dave View Post
Although our specifics are slightly different, the "story" is the same as yours...good job in explaining it.

Thanks for your comment.

- Ron

rs0460a is offline   Reply With Quote

dividend, general motors, health benefits

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
GM Retiree health benefits take a hit A854321 Health and Early Retirement 3 07-16-2008 03:20 PM
Interesting Ruling (on retiree health benefits) yesterday. newguy88 Health and Early Retirement 13 12-29-2007 08:44 AM
Retiree health care may overwhelm gov'ts REWahoo FIRE and Money 5 09-24-2006 10:59 PM
retiree health care and hippa uncledrz Life after FIRE 3 05-15-2006 05:20 AM
No pension. No health benefits. Gone4Good FIRE and Money 79 09-21-2005 05:18 PM


All times are GMT -6. The time now is 11:57 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.