Is Chrysler's UAW pension safe?

  • Thread starter Thread starter Slicky Boy
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Slicky Boy

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Given the outlook for Chrysler with a looming merger, loss of employees resulting in less employees contributing to the pension and more employees taking an early pension, along with losses in the stock market and plummeting auto sales, is the pension vulnerable in regard to currently vested benefits? What about current retirees? I know a Chrysler widow who is concerned about these matters and I told her that these are questions that are best posed to experts. So are there any pension experts out there familiar with Chrysler's situation?
 
I'm not a pension expert but I work at Chrysler and will be retiring on Dec 31.I attended a meeting with UAW and company and was told the pension fund is still over funded and if there is a merger between the companies there should be no problem.The only thing we have to worry about is Chrysler going bankrupt,we would only be guaranteed 50% of our pension.There is no employee taking early pension,you can only collect a pension if you have 30 years or 85 points(age+years of service).
 
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