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Old 09-26-2007, 02:13 PM   #161 (permalink)
paul8488
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Re: Breaking News: Strike is Over!

Quote:
Originally Posted by Gm_Tooler
Without seeing all the details, this contract looks like a huge win-win. Specifically for retirees and future retirees (me). In the past GM's obligation for providing retiree healthcare ended when the current contract expired. Now a VEBA may be formed and funded by GM. And much like a pension fund, once the money is in, it stays in. This is especially important is case GM were to continue to falter.
Interesting how some UAW members see this as a good deal and some don't. I wonder what the sticking point is for some... obviously this will suit YOU as you finish your career at GM and eventually retire. I hope it ends up being a positive thing for all of you... even if it's not a good a deal as existed a few years ago, hopefully it's still a fair deal.
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