GE will make a special one-time payment equal to one month's basic pension benefit to about 142,000 eligible retirees in December. The payment will be included in pensioners' December pension checks.
The special payment will go to those who retired directly from GE on or before January 1, 2002. Also eligible are pensioners who left GE before retirement with 25 or more years of pension service and who started receiving their pensions on or before January 1, 2002. Surviving spouses of deceased eligible pensioners will also receive the payment. Retired GE executives are not eligible for the payment.
Letters explaining each individual's payment will be sent to eligible pensioners and surviving spouses this week.
GE (NYSE:GE) is a diversified technology and services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs 315,000 people worldwide.
CONTACT:
General Electric, Fairfield
Gary Sheffer, 203-373-3476
[email protected]