When did GM stop pensions?
When did GM stop pensions?
Effective Jan. 1, 2007, GM will freeze the accrued pension benefits for about 42,000 U.S. salaried employees and put them into new plans, a tactic many large companies are using to trim soaring pension costs. The change won’t affect retirees or workers represented by the UAW. Salaried employees hired on or after Jan.
