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Old 07-17-2008, 06:32 PM   #21
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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)
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Old 07-18-2008, 02:06 AM   #22
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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.

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Old 07-18-2008, 03:38 AM   #23
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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
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dividend, general motors, health benefits

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