Bankruptcy Gm Pensions
If GM goes bankrupt, what happens to the pensions of workers to retirement? Lose right?
If more than 65 years lose a cent, but less than 65 years, the amount you receive will drastically.I just retired from Chrysler for 50 years and more I get is about $ 1,500 for months, at least approximately $ 650 per month.But a judge can order pension paid in full as well, so it's just wait and see everything in range late work will be paid by the PBGC, but may not have enough money if both Chrysler and GM are bankrupt.Right we are still receiving our full board if I lose, I'll have to leave my house because there are no jobs. Another thing that people do not realize is GM, Ford and Chrysler did not pay full pensions to retirees for life once they are old enough to collect Social Security Pensions declined to pay the SS amount.I I think once I got to 65 Chrysler I only pay less than $ 1,300 per month.
In-Depth Look – GM’s Pension Problem – Bloomberg
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