Comments on: Caterpillar offering early retirement to 2,000 workers http://catstockblog.com/2009/02/caterpillar-offering-early-retirement-to-2000-workers/ Caterpillar Inc. (NYSE:CAT) stock news and links Sat, 19 May 2012 11:51:42 +0000 http://wordpress.org/?v=2.6.5 By: Tom Mangan http://catstockblog.com/2009/02/caterpillar-offering-early-retirement-to-2000-workers/#comment-295 Tom Mangan Wed, 11 Feb 2009 20:45:18 +0000 http://catstockblog.com/?p=1364#comment-295 Thanks for clarifying, I wondered about that. That would be a nice little cushion, given you'd have time to do other work and you wouldn't be stuck holding out for UAW wages. Union wages are a godsend but they're also a trap: they rule out doing a vast array of interesting work that doesn't pay much. Thanks for clarifying, I wondered about that.

That would be a nice little cushion, given you’d have time to do other work and you wouldn’t be stuck holding out for UAW wages. Union wages are a godsend but they’re also a trap: they rule out doing a vast array of interesting work that doesn’t pay much.

]]> By: 1of584 http://catstockblog.com/2009/02/caterpillar-offering-early-retirement-to-2000-workers/#comment-294 1of584 Wed, 11 Feb 2009 20:39:51 +0000 http://catstockblog.com/?p=1364#comment-294 ...This company-initiated incentive is being offered in accordance with Caterpillar’s Non-Contributory Pension Plan... "Non-Contributory Pension Plan" participants are pre-'94, production hires. While they can still contribute to a 401k, they also will receive a monthly pension in the range of $2300 - 2500. …This company-initiated incentive is being offered in accordance with Caterpillar’s Non-Contributory Pension Plan…

“Non-Contributory Pension Plan” participants are pre-’94, production hires. While they can still contribute to a 401k, they also will receive a monthly pension in the range of $2300 - 2500.

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