Posted on 07/20/2012 5:51:00 PM PDT by madison10
Succinct.
I think that pension set up (GM stock) is for those that were still working and building up pension when GM went into “bankruptcy” and are still working or retired after the bankruptcy. I’m talking about those that are/were already retired. Don’t take my word for this, I’m still trying to figure it out.
Thanks.
Sounds like this sale involves the union slugs' account - based on a contract between the employer and the union.
In the first instance the employer wins (happened to me) but, in the second instance, replacing "employer" with "investor" might be interesting.
PING PENSION BUYOUT
China must be pretty damned certain that the US government will bail the GM pensioners out. Unfortunately, they’re probably right so there’s almost zero risk for them.
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