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  2. Why General Motors Company's Progress On Its Pension Is ... - AOL

    www.aol.com/news/2014-02-07-why-general-motors...

    One of the most overlooked problems with Ford and General Motors in recent history was their massively underfunded pension plans. Consider that at the end of 2012 Ford's global pension plan was ...

  3. UAW President Shawn Fain urges GM members to ratify tentative ...

    www.aol.com/uaw-president-shawn-fain-urges...

    Booth said that in the contract GM will offer three company special attrition programs (SAPs) from January 2024 through the life of the agreement that include a $50,000 lump sum pretax retirement ...

  4. IBM offers employees new retirement account that looks a lot ...

    www.aol.com/finance/ibm-offers-employees...

    For instance, Fidelity Investments, which administers accounts for more than 43 million participants and 24,000 employers, announced Thursday a Guaranteed Income Direct option, which allows ...

  5. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.

  6. Fidelity Investments - Wikipedia

    en.wikipedia.org/wiki/Fidelity_Investments

    Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management, and $15.0 trillion in assets under administration, as of September 2024

  7. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

  8. GM Plans To Freeze Salaried Workers' Pensions - AOL

    www.aol.com/news/2012-02-16-gm-plans-to-freeze...

    By Jeff Karoub DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort ...

  9. Pension administration in the United States - Wikipedia

    en.wikipedia.org/wiki/Pension_administration_in...

    A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group. The term "bundled" is sometimes used to refer to such an arrangement; [ 12 ] [ 13 ] [ 14 ] the same company maintains the plan, manages investments, and provides custody services.

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