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Universal pension (also referred to as "demogrant", "categorical pension" or "citizens pension") is a pension where the only criteria for receiving it is age and citizenship, resp. residence. Some countries are specifying these criteria further, like The Netherlands which requires 50 years of residency between ages of 15 and 65 for a full ...
The news is welcomed by UAW members. As the Free Press reported last month, some union members were growing impatient with holding off on retirement to find out when GM would open up the bonus ...
According to a UAW leader, GM and the union expect to have details and dates this month for the first phase of a special retirement program. Letter indicates GM and UAW closing in on dates for ...
The UAW asserts that most of this labor cost disparity comes from legacy pension and healthcare benefits to retired members, of which the Japanese automakers have none. The Big Three already sold each of their cars for about $2,500 less than equivalent cars from Japanese companies, analysts at the International Motor Vehicle Program said. [ 45 ]
The group's membership also includes non-union, community-based activists. Its predecessor organization was known as the National Council of Senior Citizens (NCSC). The Alliance's retiree members are in every state and are from all walks of life.
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Reuther believed that retirement did not end a worker's association with a union, and workers deserved a lifelong pension. [7] Reuther was adamant that the pension plans be fully funded, actuarially sound (the amount set needed to be set to the life expectancies of the pensioners), and noncontributory, with the full cost borne by the company. [8]
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