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2. Prudential completes pension transfer agreement with ... - AOL

   www.aol.com/2012/11/02/prudential-completes...

   Prudential completes pension transfer agreement with General Motors Co. NEWARK, N.J.--(BUSINESS WIRE)-- The Prudential Insurance Company of America, a Prudential Financial, Inc. company (NYS: PRU ...

3. GM offers voluntary buyouts to US salaried workers, expects ...

   www.aol.com/finance/gm-offers-voluntary-buyouts...

   General Motors is laying out its plan to extract $2 billion in cost savings, and it seems reductions in its labor force will be a big part of it. ... for 500 salaried employees, less than 1% of GM ...

4. Here is when to expect GM's $50,000 buyout program for union ...

   www.aol.com/expect-gms-50-000-buyout-221416269.html

   The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. ... General Motors hourly workers — who've been ...

5. 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.

6. Letter indicates GM and UAW closing in on dates for $50,000 ...

   www.aol.com/letter-indicates-gm-uaw-closing...

   It was a plan sweetened by a special attrition retirement program GM agreed to in the United Auto Workers' contract negotiated last fall. The program will pay a pretax lump sum of $50,000 to ...

7. 457 plan - Wikipedia

   en.wikipedia.org/wiki/457_plan

   The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.

8. UAW President Shawn Fain urges GM members to ratify ... - AOL

   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 ...

9. Raises, increased benefits coming to nonunion GM workers ...

   www.aol.com/raises-increased-benefits-coming...

   In a memo obtained by the Detroit Free Press, GM's salaried workforce to get base wage increases, added contributions to 401(k) plans and other perks. Raises, increased benefits coming to nonunion ...