GM Pension Report – GM Offloads $1.8 billion to Annuity Insurance Companies

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. 



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In Solidarity,

Jordan Lennox & Ken Maclean, Alternate

Issued by,
Jordan Lennox, Vice President & GM  Pension Rep.
In-plant: 905-641-6443
Union Hall: 905-682-2611 x 232

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