A recent announcement about the closing of the GM Cami plant sent a shock wave through the automotive industry and employees attached to it. This is a hard hit – one with the weight of financial uncertainty for many employees.
Over 500 employees at the GM Cami factory were in the face of unemployment due to a global change in car production practices.
Plant employees of GM cami have retirement options, and now more than ever, it is important that they examine them. If you are an employee of GM cami, you have options and you are not alone. Canada retirement solutions have helped many GM employees to move in pension options after release. Contact us to learn more.
https://www.youtube.com/watch?v=B6kvgTim9s
Why consider a follower?
Simply put, Copycat Ren is to transfer the company’s pension to the Canadian insurance company, such as Manulife or Desjardins to obtain identical, predictable monthly income. It provides continuity and is a way to ensure that only because salary sections stop, your life does not have to. Greater control over pension measures is always a good option. The same income, the same options, different supplier. Think about this: do you prefer to draw a pension for> 30 years from a foreign car company or an insurance company CDN?
Taking the first steps
If you sit there, wondering how to start fighting this mess, breathe. Start with a thorough assessment of the current pension plan. Talking to the financial planner, they can lead you whether the follower is in line with your situation or direct you towards better alternatives.
Closing the GM plant does not mean extermination, but asks for a strategic change. This means that the summary of current assets, re -assessing goals and early conducting these difficult conversations. It is about placing ducks in a row and ensuring knowledge that you have it – even if it seems a huge jump from a plane without a parachute.
Contact us to make an appointment with one of our certified financial planners.
FAQ
Q: What exactly happened to the plant?
A: The end of the plant, which caused over 500 dismissals. This is part of a larger change in approaches to automatic production around the world.
Q: Are pensions threatened due to the closure of the GM plant?
A: Employee pensions are not threatened threatened, but immediate decisions regarding their management and the future become crucial.
Q: How can an employee use an imitation pension?
A: Copycat Renowi provides a pension, reflecting the lost salary to ensure financial stability during the work.
Q: Are there financial advisors that I can consult on this transition?
A: Yes, consultation with financial advisers is valid among the best steps you can take to manage wisely pension plans after release.
Q: Is there a schedule of decisions regarding the pension options after release?
A: It is best to act sooner than later, but the processes allow careful assessment – in the case of professionals it will give key dates.
