I only know of a few people who retired early. Average senority in my plant was 39 years a couple years ago. Average age about 60. We had some guys that had 50+ years. I retired with 30 years, @ 53. I would have liked to work until 59 or so, but my plant was closing. You cannot always choose your retirement date!! I think the biggest hit was the medical benefits. Pensions are controlled by the government, and are pretty predictable as to how much they will cost. The hourly pension fund had so much money in it, that it was considered overfunded, and GM did not have contribute to it, some years. The pension fund had enough money to fund the latest buyouts, the money came thru Fidelity, that's who manages GM pensions. Medical costs are not real predictable, and have been going up much faster than inflation. This health care thing is a monster that is consuming jobs in this country. One thing I read is that you will likely consume 80% of your lifetime healthcare expenses in the last 4 months of your life. I know my grandmother had to argue with the hospital about them wanting to hook my 91 year old grandfather up when he was dying. He was dying of alszheimers, but they wanted that bed filled.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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