GM Canada pledges to wipe out pension shortfall in new contract – The Globe and Mail + MORE Sep 25th

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College tuition may be daunting, but so are the conversations about how to pay for it.
Experts say it pays off for parents talk with children early and often about how to cover higher education costs. Here are a few of their tips:
START EARLY: Start talking to your kids as young as possible, said Judith Ward, a senior financial planner at T. Rowe Price.
Casual conversations at an early age about where you went to college and that you are saving for their education helps sets the expectation that they will go. As they grow older, she suggests talking more specifically about how much is being set aside.
BE SPECIFIC: Keith Bernhardt, vice-president of Fidelity’s college savings program, said that by 9th or 10th grade those conversations should still be positive but more specific in terms of available funds. By 11th grade, talk about schools of interests and look closer into costs and aid options together. Get your financial aid application in early in their senior year and make sure they understand the pros and cons of all options…

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The Globe and MailGM Canada pledges to wipe out pension shortfall in new contractThe Globe and MailGeneral Motors of Canada Co. has pledged to eliminate the $2.6-billion deficit in the pension plans for its unionized workers and retirees as part of a new contract negotiated between the company and Unifor. The auto maker's 29,000 retirees in Canada …GM agreement with union promises $12000 in worker bonuses, $554M investment in Canadian plantsFinancial PostGM workers in Oshawa raise questions about new labour deal as they vote on pact Sundaydurhamregion.comUnionized workers at GM voting on new contract in three Ontario citiesCTV NewsThe Detroit News -Reuters Canada -Detroit Free Press -CBC.caall 16 news articles »

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