ST Alpha - "GM suspends matching payments to employee 401K plans. -- (link)" (Reading a Post)

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GM suspends matching payments to employee 401K plans. -- (link)

Posted by Don Homer (aka DonHomer) Oct 23 '08, 11:29

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link (www.washingtonpost.com)

Responses:

what about their regular pensions? did the employees give them up for the 401k? -- nm - zeitgeist Oct 23, 11:32 2
- Does it matter? Isn't the first thing to be cut always the pension for retired employees? What are they going to do? Strike? -- nm - Mop Oct 23, 11:45
- They may still have that, some places (including fed govt. have both). -- nm - Don Homer Oct 23, 11:34
I fell very bad for their employees. I'm going to be pissed when we bail out GM though. -- nm - ty97 Oct 23, 11:29 2
- i don't. they've had a very sweet ride for a very long time. the rest of the world doesn't all get those benefits. -- nm - Danger Girl Oct 23, 11:38
- Why? If they take AIG's tact, they won't cut anything until forced, and then it will only be vague. wtf - Banzai! Oct 23, 11:31

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