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Retiree Health Care

UAW-GM Contract to Create or Retain 6,400 Jobs

September 21, 2011
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General Motors has agreed to retain or create 6,400 jobs as part of $2.5 billion in planned product and plant investments under a new labor accord with the UAW. In a move to encourage GM to add jobs, the union and automaker negotiated new buyout offers of $10,000 to $65,000 to encourage long-time workers to retire and be replaced with lower-paid, entry-level workers.
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Labor Department Weighs New Definition of Fiduciary

March 31, 2011
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For the first time in 35 years, Labor Department officials are exploring whether they should change the definition of ‘fiduciary’. The agency wants to make the change so it can better protect the rights of participants, but the benefits community doesn’t see it that way.
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Recession's Effect on Local Governments Public Problems Persist

November 5, 2010
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'This recession has really cut into the public sector, not only in employment but in terms of pensions and health care benefits and every form of compensation,' an expert says.
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