White-Collar GM Workers to See Pensions Pinched
Source
http://www.freep.com/article/20120226/COL07/202260417/Susan-Tompor-White-collar-GM-workers-to-see-pensions-pinched
Date
Media Outlet
Detroit Free Press
GM salaried employees in their mid-40s to mid-50s and who have worked for the automaker for at least 10 years are those who would be hurt most by GM’s recently announced plan to freeze contributions to its DB plans, according to Academy Senior Pension Fellow Don Fuerst. Fuerst also noted that since many plan sponsors do not enhance their 401(k) contribution after a DB plan is frozen, GM’s decision to do so is a plus.
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