[QUOTE=ColdNoMore;1688203]
Not good news for future (and current) retiree's.
The pressure, of course, is to bolster its stock price and thus primarily benefits the stockholders and those executives whose annual salary is based on the stock price...and hurts long time dedicated employees 
This move has no impact on current GE retirees. GE hasn't offered a pension to new employees since 2012 (I believe). So yes... it does impact current GE employees that are on the pension plan. But GE is now contributing more to their 401K... so they are doing something to compensate employees.
Have you watched GE stock price? They barely are keeping their head above water. GE has done many things to cut costs (including cuts to executive benefits). I'm sure ALL current GE employees and retirees want GE to stay in business so that they are around to pay out pension benefits!