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GE's pension plan

Is GE betraying the employees?

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First, your life’s work made GE an iconic American success story. Who wouldn’t be proud of that?

Second, many GE employees had been awarded enough GE stock over their career to be wealthy. Many never sold a single share of GE stock and lived comfortably on the dividends.

Third, GE’s pension plan is a defined benefit plan which provides generous payouts regardless of how the stock market performs. Just about everyone else has a defined contribution plan, in which the benefits ultimately depend on how well the investments you choose turn out.

Though, off lately - it is facing some real troubles, laying off workers but betrayal is a strong word !:)