General Motors has announced a Retirement-Eligible Special Payment (RESP) available to GPD, GPSC, and Manufacturing Engineering retirement-eligible U.S. classified salaried employees who retire between July 1, 2017 and September 1, 2017.
The RESP will offer the following:
- Retirement under Company benefit plans and programs, subject to their terms; plus
- Pay-out of any unused 2017 vacation upon retirement
- Pro-rated teamGM payment based on your actual last day worked, to be paid in March 2018, based on Company performance
- Additional two months of base pay in a one-time lump sum payment
Many employees are currently deciding whether to retire. The RESP is an added factor that may help employees make the decision to retire, if that is their preference.
Contact Mainstay toll-free at 1-866-444-6246 to learn more about the GM RESP and how we can help you achieve your retirement goals through your 401(k), IRAs, and non-retirement accounts.