GenVibe - Community for Pontiac Vibe Enthusiasts

Only 55% funded - ouch. http://benefitslink.com/pr/detail.php?id=44021

In addition, certain early retirement subsidies and benefit increases made within the past five years may not be fully guaranteed. A preliminary PBGC analysis of the NUMMI pension plan indicates few current retirees will see reductions to their monthly benefit.wow most of those workers with 30 years/50 years old, will probably only get their pension of $600 a month for 30 years of service. sad

$54,000 a year plus social security - I could live on that.

that isn't what they will get. the avg GM pension for a 50 year old with 30 years is only around $600.00 (7200 per year) with a benefit to cover the rest, up to 80% of a 40 hour week. And as the qoute says thats part isn't guarantee....And no S.S. till 62.

The lack of any HEALTHCARE is the KILLER ...

Quote, originally posted by scherry2 »that isn't what they will get. the avg GM pension for a 50 year old with 30 years is only around $600.00 (7200 per year) with a benefit to cover the rest, up to 80% of a 40 hour week. And as the qoute says thats part isn't guarantee....And no S.S. till 62.Your numbers are pretty close. I'm about 25 years away from retiring, so I don't keep up on exactly what it is, but its close to that.

I have 33 years at GM and I'm 52 and thats what just my pension will be. we negotiated a supplement as I'm sure you guys did to offset the shortfall