pensions

GE FREEZES 20,000 PENSIONS – 100,000 Offered Lump-Sum Buyout

GE Workers on Edge After Pension Freeze November 15th Deadline Looms as Holiday Season Approaches   General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement. GE is …

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Taxes In Retirement: Bankruptcy Among Older Americans

  A New York Times article with the title Too little, Too late: Bankruptcy Booms among Older Americans outlined the profile of a gentleman who was a former carpenter. His union had changed some of the eligibility requirements for his health insurance that created a snowball that led him and his family into bankruptcy. Unfortunately, …

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