George Hall, a GM retiree, worked at the Linden, NJ GM plant for 33 years and recently retired at the age of 54. that provides him with the prospect of living in retirement for over 21 years. That is based upon the average lifespan of an American male of 75.2 years.
George Hall is upset with the management of GM for "lying" to him about having a secure pension and health insurance. Now, I do not believe that they "LIED" to him, but I do believe management has done a horrible job running the company. The employees and union are to blame as well. They have lived a life of greed for so many years, a greed that has now come home to roost in corporate losses that exceed those of many countries.
George Hall was promised "free health care", well guess what George, there is no such thing as a free lunch, and its about time you and the rest of the GM employees live under the same rules as the rest of us....YOU PAY FOR HEALTH CARE.
Defined pension plans are a remnant of the past and all three auto makers need to do away with them. Employees need to take responsibility for their own retirement with 401k's and IRA's and not expect the company to continue to pay everything, assume all the risk and they assume the benefits.
In addition, George Hall's 16 year old is upset that there will not be a free ride for college. Apparently Grampa has put up two years worth of money, and good ole Avery was expecting Mom and Dad to foot the rest of the bill.
I have a suggestion for Avery, GET OUT AND WORK FOR IT! As for George, sorry that times are tough, and I truly mean that, but the bottom line is nothing lasts forever and you should know that, and wanting something for "FREE" is not the American Way.
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