GM's Plan: Subsidize Our 48-Year-Old Retirees | WHAT REALLY HAPPENED

GM's Plan: Subsidize Our 48-Year-Old Retirees

Detroit agreed to let auto workers retire with full pension and benefits after 30 years on the job, regardless of their age. In practice, that meant a worker could start at age 18, retire at 48, and spend more years collecting a pension and free health care than he or she actually spent working.

Webmaster's Commentary: 

Boy, do I feel stupid for going to college and missing a sweet deal like that!!! :)

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