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No Gains in New Contract for UAW Retirees 9/21/11

http://wtvbam.com/news/articles/2011/sep/21/no-gains-in-new-contract-for-uaw-retirees/


WTVB-AM ~ Sep 21, 2011 


DETROIT (WKZO) -- United Auto Workers retirees will get no improvements in their pensions under the terms of the union's new agreement with General Motors. 


This is the first time in two generations that retirees will see no upgrades in their pensions.  UAW president Bob King said Tuesday the union couldn't sweeten the pensions of retired workers, or those about to retire because there are not enough workers to fill the pension gap.

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