Question 1

What is the Estimated Benefit Amounts?

Accepted Answer

The rough estimate of the lump sum benefit amount a salaried employee gets on retirement based on his current earnings is simply an Estimated Benefit Amounts.

Question 2

What is the Benefit determination letter?

Accepted Answer

The Benefit Determination letter shows the final estimated benefit amounts based on the current earnings of a salaried person.

Question 3

Who issues the Benefit Determination letter?

Accepted Answer

Pension Benefit Guaranty Corporation. GM has been associated with PBGC and each party is trusted to share the information concerned with estimating the benefit amounts accurately. So PBGC is the one that issues the Benefit Determination letter.

Question 4

What is the Tobacco Cessation Program?

Accepted Answer

Since dependence on tobacco is alarming, GM has come up with a culturally tailored counseling program to help GM employees quit smoking by motivating towards a behavioral change through different techniques.

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