Sounds like they are moving to a third party managed fund - like every other old style pension fund is doing.
They bitch about something like that but not mention a word about this.....
http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo
Yes, GM is definitely going for a hookup with China, there signed partnership with SAIC proves it.
Actually if you take the lump sum, or the Prudential annuity, you have no connection with GM from that point on.
For some folks that my be a real positive.