I only know of a few people who retired early. Average senority in my plant was 39 years a couple years ago. Average age about 60. We had some guys that had 50+ years. I retired with 30 years, @ 53. I would have liked to work until 59 or so, but my plant was closing. You cannot always choose your retirement date!! I think the biggest hit was the medical benefits. Pensions are controlled by the government, and are pretty predictable as to how much they will cost. The hourly pension fund had so much money in it, that it was considered overfunded, and GM did not have contribute to it, some years. The pension fund had enough money to fund the latest buyouts, the money came thru Fidelity, that's who manages GM pensions. Medical costs are not real predictable, and have been going up much faster than inflation. This health care thing is a monster that is consuming jobs in this country. One thing I read is that you will likely consume 80% of your lifetime healthcare expenses in the last 4 months of your life. I know my grandmother had to argue with the hospital about them wanting to hook my 91 year old grandfather up when he was dying. He was dying of alszheimers, but they wanted that bed filled.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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