Quote Originally Posted by GonFishn View Post
Seeing as to how their pension funds are sorely under funded, both domestically and internationally, it's ludicrous that they're paying bonuses. In fact, GMC is in violation of the Federal law as it relates to pension under the Employee Retirement Income Security Act (ERISA), due largely to the fact that they're not being held to the flame due to kissing Obama's union buddies. Wonder what they're gonna think when their healthcare all of sudden goes to 80/20?
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Companies pay out what they are under contract to do.... They don't do these kinds of things because they had a good year and decided to "share the wealth"... If they are under no agreement to fix their pension fund, then the money will go to profit, what doesn't go to enhance upper management's already obscene pay...