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G.M. Says It May Propose Pension Buyouts to Union

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GM's (General Motors) efforts to address problems with pension obligations for salaried retirees and UAW retirees in 2012-2013

06/02/2012

GM's efforts to strengthen its balance sheet include buying a group annuity contract for $39 billion for $36 billion in pension obligations to salaried retirees. The annuity contract is from Prudential Financial Inc. and was negotiated in May 2012.

Grouped Articles

GM Acts to Pare Pension Liability

Wall Street Journal 06/02/2012

G.M. Says It May Propose Pension Buyouts to Union

New York Times 06/12/2012

GM Wants to Up Credit Line

Wall Street Journal 08/25/2012

Low Rates Force Companies to Pour Cash Into Pensions

Wall Street Journal 02/03/2013

Andy Kessler: The Pension Rate-of-Return Fantasy

Wall Street Journal 04/10/2013


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