General Electric must restore Retiree Pension Benefits

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ASSEMBLYMAN ANGELO SANTABARBARA

Times-Union

This week I joined hundreds of IUE-CWA Local 301 union members and hundreds of General Electric retirees at the company’s main gate in Schenectady to demand the pension benefits they were promised at retirement.

On January 1st of this year thousands of retirees from the company, employees and their eligible dependents can no longer use their post-65 retiree health plans from the company that they were initially promised. GE justified the change by saying it was on trend with what other large corporations have in place and it will also save the company $3.3 billion.

This is simply unacceptable! The hardworking men and women who dedicated decades of their lives to this company deserve nothing less than the full restoration of the pension benefits they are entitled to. General Electric made not only a commitment, but a promise to retirees, a promise that many have planned…

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