[nascarnation]

I’m a GM salaried retiree and TOTALLY disagree with this group.

GM is offering attractive lump sum pension buyouts OR transferring the pensions to Prudential (which has a MUCH higher credit rating than GM).

Their criticism is based on the fact that there will no longer be “insurance” from the FedGov via the PBGC.

Well guess what boys? The FedGov is BROKE and the PBGC has a deficit of $26 BILLION.

[jazusamo]

Working link:

http://nlpc.org/stories/2012/06/18/non-union-retirees-join-%E2%80%9Chosed-gm-club%E2%80%9D

[TNoldman]

ping

[Nachum]

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