GE Pensioners Picket Former Employer

By Eric Olson

June 18, 2010 Updated Apr 28, 2010 at 6:11 PM EDT

FORT WAYNE, Indiana (Indiana's NewsCenter)--Retirees from Fort Wayne’s General Electric plant took up placards and picketed in front of their former employee today.

Several dozen members of the International Union of Electrical-Communications Workers local 901 took part in the demonstration. They were calling for annual cost of living increases in their GE pensions. They picketed to get the issue on the ballot at today’s GE shareholder meeting in Houston, Texas.

“Basically they want to safeguard and protect for the future because right now taxes are going up, gas is going up, utility bills are skyrocketing,” says Local 901 President Brent Eastom. “These guys making $6-700 dollars a month in a pension, it's just not working.”

Picketers say if GE would add an annual cost of living adjustment to pension packages, pensioners wouldn’t have to picket for pension increases every few years because of inflation. Similar protests took place at GE facilities across the country. It must have worked. Late today GE officials agreed to hear the union requests at a July 14th meeting in Schenectady, New York.

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