Apparently the vision plan for Canadian GM retirees could collapse from lack of funding, says union officials. "The creation of a health care trust to finance dental care, vision care and other benefits for retirees was demanded by the federal and Ontario governments in 2009 when General Motors Corp., sought a bailout as it was on the verge of financial collapse," goes the post on CTV's website. "The union agreed to negotiate such a plan. GM agreed to put up $1.8-billion to finance the fund, Mr. Buckley and Leslie MacDonald, a member of the retirees' steering committee negotiating with GM Canada said Wednesday." Retirees believe that $1.8 billion will not fund the plan. Read more.
No comments:
Post a Comment