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For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
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.
Tom Ruddy, 62, is approaching his 38th year at General Motors' Toledo Propulsion Systems plant and is ready to retire, but is waiting on GM to determine the dates and details of a special ...
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
On December 2, 2009 John Cockerham was sentenced to 17½ years in prison and fined $9.6 million, the total amount that he had reportedly received from bribes. [ 4 ] In August 2008, as a result of a related investigation, Army Major James Momon, 37, pleaded guilty to taking $5.8 million in bribes, of which he kept $1.6 million with the rest ...
Military retirement (United States) Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be ...
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1 ][ 2 ] If a victim makes the payment, the ...