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General Motors hourly workers — who've been waiting since November to learn when they might take advantage of a $50,000 retirement program — will get some answers on Monday, according to a ...
The UAW says about 7,800 GM hourly workers are eligible for retirement at the moment. At Toledo Propulsion there are about 1,350 hourly employees and about 200 of them want to retire now, but UAW ...
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 ...
Enhancements to vision benefits. GM spokesman Kevin Kelly confirmed the existence of the memo and said the benefits apply only to GM's 43,500 U.S. salaried workers. ... eligible pay to their 401(k ...
The Detroit-based automaker said roughly 19,000 salaried workers hired before 2001 will move from a traditional pension with guaranteed payments to a 401(k)-type plan with contributions based on ...
According to a new report from Fidelity Investments, retirement savers have plenty to celebrate: average 401(k) balances reached all-time highs in the third quarter of 2024. 401(k) Balances Soar ...
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The 401(k) match is one of the key benefits of the plan, and can supercharge employees’ ability to accumulate money for retirement. The 401(k) plan has two varieties: the traditional 401(k) and ...
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