Recently, General Motors announced that they had offloaded $1.8 billion dollars of employee pension funds with three insurance companies. General Motors bought annuities from the following insurance companies: $1.1 billion to Sun Life, $600 million to iA Financial Group and roughly $100 million to Brookfield Annuity Co. This deal only applies to Salaried pensioners who retired prior to June 1st, 2020.
Jordan Lennox & Ken Maclean, Alternate
Jordan Lennox, Vice President & GM Pension Rep.
Union Hall: 905-682-2611 x 232
E Mail: Jordan.Lennox@GM.com