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Full-Text Articles in Social and Behavioral Sciences
An Initial Study Of The Economic Impact Of General Motors Pension Benefits On The Greater Anderson, Indiana, Community, Jonathan Furdek, John Lucas
An Initial Study Of The Economic Impact Of General Motors Pension Benefits On The Greater Anderson, Indiana, Community, Jonathan Furdek, John Lucas
Journal of the Indiana Academy of the Social Sciences
Like in many communities, transfer payments are an important income source in Anderson, Indiana. Anderson was once the home of ten General Motors plants. These plants are now closed; approximately 14,000 retirees from these plants reside in the greater Anderson, Indiana, area.
This study is a first attempt to assess the long-term impact that these pensions will have on the Anderson, Indiana, area.
What Happens If Pensions Disappear? A Case Analysis, Jonathan Furdek, John J. Lucas
What Happens If Pensions Disappear? A Case Analysis, Jonathan Furdek, John J. Lucas
Journal of the Indiana Academy of the Social Sciences
Long before General Motors filed for bankruptcy protection, it closed all 10 of its facilities in Anderson, Indiana, which was devastating to the greater Anderson Community, yet today, more than ten thousand General Motors retirees reside around Anderson and the pension benefits continue to buffer the economic impact on the community. There are viable threats in the current economic climate to this stream of pension income, however.
This study is an attempt to assess the long-term economic impact that a loss or significant reduction of future pensions could potentially have on the Anderson, Indiana, area.