From Forbes: GM suspending benefits.
General Motors Corp. said Thursday it will suspend several benefit programs for salaried workers as it seeks to cut costs in the difficult auto market.
The automaker will temporarily stop company matching of its 401(k) program as of Nov. 1, GM spokesman Tom Wilkinson said. It also will suspend tuition reimbursement and adoption assistance programs as of the end of this year, he said.
Yeah, "temporary".
Portfolios devastated. No matching. No tuition assistance.
All assuming that GM even survives (doubtful.)
Sell your house? Ooops, you're "upside down".
Goodbye, retirement. Hello, serfdom.
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