GE To Increase Pension Payments To 100,000 Pensioners On December 1
Today GE announced it will make a voluntary increase in its pension payments to about 100,000 eligible pensioners and surviving spouses - beginning with December 2015 pension checks. The increase provides more to those who have been retired the longest with annual benefit increases to pensioners ranging from $120 to $360.
“We are pleased to provide this increase which recognizes the past achievements of GE retirees,” said Susan Peters, senior vice president, Human Resources, GE.
Letters explaining each individual’s payment will be sent to qualifying pensioners and surviving spouses this week. Retired GE executives and their surviving spouses are ineligible for the increase.
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
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