Is GM pension a lifetime benefit?
"We are delighted to be working with General Motors to help the company fulfill its promise of guaranteed lifetime income for retirees in the salaried retirement program," said Christine Marcks, president of Prudential Retirement, a business unit of Prudential Financial, Inc.
Do GM retirees have life insurance?
a. Once Prudential takes over payment and administration of your SRP benefit, your GM retiree life insurance premiums will no longer be deducted from your monthly payments and you will need to make premium payments directly to MetLife in order to continue your coverage.
What is the average GM pension?
When can I take my GM pension?
You have the lump sum distribution option available to you on the first of the month following your Normal Retirement Date.