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GM Pension Buyout Financial Engineering or Coup?
General Motors announced that it would offer lump-sum buyouts to 42,000 retired salaried employees while 76,000 others would have their pensions transferred to The Prudential Insurance Company of America, which would take over the GM white-collar plan. Continue reading
Posted in auto news, financial results, insurance, news, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, gm pensions, Ken Zino, pension buyouts, pensions, prudential
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