Pension Update November 2014
Quarterly Review of Retirement Plan with GMCL Financial      On Friday Nov
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USSC Restructuring
You may have heard that US Steel Canada (was STELCO) filed to restructure September 16.&nb
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Pension Update August 2014
Dear GENMO Member: You recently received an “Update to Members regarding Plan Fundi
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Pension Update July 2014
How's your GMCL Pension doing?  While we haven't yet received GM Canada's letter con
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May 12, 2014 Pension Plan Review
On May 12, GENMO director Garry Marnoch met with Dave Courtney to review performance&nbs
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GENMO FAQs 

GENMO Organization
Membership 
Has GMCL recognized GENMO?
Why do we need another GMCL salaried retirees organization?
Will GENMO be in existence on a permanent basis ?
Will the committee structure be on the website?
Does GENMO offer advice on taking buyouts?
In the event that GM declares bankruptcy and our group benefits are discontinued, can GENMO look into getting a group rate for those interested?
Will you help me resolve a pension or benefits problem I am having?
Who can be a member of GENMO?
What if you live in another province?
If both a husband and wife are GM retirees do they have to register separately or can they register jointly and pay one fee?
Why would you try to protect anyone who is not prepared to become a member?
Why does GENMO allow non-members to benefit from the results of the class action lawsuit, if Joe O'Neill wins ?
Why does GENMO not release the names of those who are GENMO members, and also the names of those retirees who are non-members ?
How can we help to recruit new members?
 
Membership Fees and Finances 
 
Communications 
How much are the membership fees?
What will the membership fees be used for?
Do the GENMO directors receive any remuneration for their time?
Will the expenses be available for members to see?
Will you be providing tax receipts for the membership fees?
Is the money in an interest bearing account?
If you run up a bill, how do you propose paying for it?
How are you communicating with retirees?
Do you have sample letters which we could use to contact the government?
  
Pension Funding 
  
Pension and Benefits 
What is the existing funding level of our pension plan?
What happens to our pension if the manufacturing operation leaves Oshawa?
Now that the threat that GMCL may declare bankrupcy is past, why should I join GENMO ?
What is GMCL doing to improve the funding level of our pensions ?
What would happen to our pensions if GMCL was to go into bankrupcy ?
How would the supplemental portion of the pension be affected if the plan were wound up?
Who would decide how much we would receive if the pension plan were wound up?
What happened to the money I put into Part B?
There are a number of active employees taking the commuted value of their pensions. Where does the money come from?
Are the U.S. pension plans fully funded?
Is the Special Allowance part of the same plan?
What would happen to our life insurance if GM failed?
What is the significance of the date 1995 in regard to benefits?
Regarding “out of province” health insurance coverage, is a certain layover time required, before I can re-qualify for another 60 day period ?
Does accepting $20,000 Sun Life Death Benefit impact rights of retirees ?
Does GM have the right to arbitrarily change our pension and benefits?
  
Legal 
  
Government Programs 
If GM Canada went to CCAA, how long would it take for GENMO to get going and help?
If GM went to CCAA what would a judge have to know in order to recognize GENMO?
How do we get Secured Creditor Status?
What are the liabilities for the members and directors?
What is the process to put this organization on the Secured Creditor List? Has this been done and if not, when?
Does paying membership fees make me liable for legal fees and expenses incurred by the committee (i.e. Lawsuit successful/failed against GM)?
Has GENMO hired lawyers yet?
What is the status of the Pension Benefit Guarantee Fund?

Monday, November 24, 2014