Word: pension
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Healy attributed the increase, which he called the most modest in the city’s recent past, to the rising cost of salaries for city employees, pension costs, and employee health insurance...
...tentative Chrysler agreement with the UAW, announced on Sunday, is said to maintain the pension fund and retiree health care fund, though it may include some reduction in healthcare benefits, just as the Canadian agreement does. Guided by the February terms of the original Treasury loans, the deal between the UAW and Chrysler also reportedly includes partial funding of the retiree healthcare trust with equity instead of cash. "We recognize this has been a long ordeal for active and retired auto workers, and a time of great uncertainty," said UAW President Ron Gettelfinger. The deal was reached, Gettelfinger said...
...executive at the firm during the time the alleged misdeeds took place and reportedly may have met with those accused of criminal activity. Details remain scant, but the case involves payments to people who helped make business connections between Rattner's firm and the New York State pension fund. The Obama Administration claims it was aware of the pending investigation when it appointed Rattner. (See 25 People to Blame for the Financial Crisis...
...dragging their feet and pushing GM closer to bankruptcy. On the one side is a group that wants its money back and on the other are the people who worked on the assembly line for decades and don't want to spend their golden years without healthcare or a pension...
...closing more plants and getting big help from Italian carmaker Fiat, which would contribute its own small-car designs and technology. Failure would saddle major banks with $7 billion in new losses, leave Chrysler's former owner, Daimler AG on the hook for more than $1 billion in additional pension costs and wipe out the health care for thousands of Chrysler retirees...