GE freezes its pension plans and offers former employees lump sum buyouts

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The freeze reflects industry trends, but buyouts are a bad idea

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In the face of declining profits, General Electric GE, +0.88% recently announced three pension actions to help reduce the company’s debts.

Read: GE freezes worker pensions — what to do if your employer changes the terms of your retirement plan Retirees with ongoing monthly pension benefits are much more secure than those who have to decide how to allocate their retirement assets over an uncertain lifespan. With traditional pensions, retirees will not outlive their benefits and they do not have to worry about the ups and downs of the stock market.

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Sad story

🤷‍♂️🤮

More corporate theft...and they say unions are thugs.....

This is old news

In this backwards market this means GE will go up tomorrow 8%

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