[decimon]

As I recall, GM was reported to have an unfunded pension liability in the neighborhood of 10-15 *billion* dollars as far back as the eighties. This during a time of robust sales. No one seemed to wonder then why none of the profits were being plowed into this snowballing liability.

As I recall, the IRS disallowed any "overfunding" of pension plans as that was deemed to be the hiding of profits. Maybe someone with more knowledge of these matters will clarify.

[ChildOfThe60s]

Indeed, it would be instructive to hear from someone more knowledgeable than I on this. Which wouldn't take much.

I am not up to date at all on their current pension liability situation. I *think* I am fairly accurate on the severity of their underfunding in the 80s. Past that I have not kept up. I would be surprised to find that there is currently any kind of surplus in the funding for pensions.

Anyone out there have some resources on this info?