They also viewed it as a possible harbinger of things to come for blue-collar retirees. Pension obligations to those retirees account for more than half of GM's $134 billion global pension liability.

In 2007, the UAW agreed to the creation of a second tier of workers who would do the same work for lower wages and far fewer retirement benefits. For new hires, gone were the company-funded ...

If hired Nov. 20, 2007, or after, UAW-represented Ford production workers would not be covered by a traditional pension but Ford contributes 6.4% of base wages into a defined contribution ...

While the automakers did not agree to restore the workers’ defined benefit pension plan, which shut down in 2007, they conceded to significant increases in benefits for workers with pensions and 401 ...

Hundreds of Case-Tenneco retirees are facing their worst nightmare, after learning Saturday they must start paying nearly $300 a month in health-care premiums or lose their medical insurance.

The UAW Region 1-D Director estimates more than 5000 retirees and spouses are affected. Larry Mathews retired from Delphi in 2005, and he called the current bonus disparity is stunning.

For instance, General Motors UAW retirement plan paid $4.9 billion to 291,000 retirees and surviving spouses in 2006. [11] That works out to $31.04 an hour when apportioned among active workers. [12] ...

It's an anxious time for retirees of General Motors. They, and more specifically their health-care benefits, are in the crosshairs as the United Auto Workers union hashes out a new contract with GM.

FRANK LANGFITT: Today is the monthly retirees' meeting - UAW Local 22 in Detroit. This is home to many of the workers who built Cadillac into one of the world's great brands.

The company's overall loss for the year totals $3.81 billion. The plan would not apply to lower-income retirees who have pension incomes of $8,000 or less. Advertisement ...