Replies to Msg. #688279
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 Msg. #  Subject Posted by    Board    Date   
51664 Re: Government . . errrr. . . General Motors
   zimbler http://pbgc.gov/ ...it the pension benefit guarantee corpo...
ribit   POPE   19 Feb 2012
10:40 PM
51655 Re: Government . . errrr. . . General Motors
   Employers should never promice what they cannot delever. But CEOs are...
DGpeddler   POPE   19 Feb 2012
8:11 PM

The above list shows replies to the following message:

Government . . errrr. . . General Motors

By: Zimbler0 in POPE
Sun, 19 Feb 12 6:09 PM
Msg. 51651 of 65535
(This msg. is a reply to 51443 by snapits)
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Snapits> With Barry Obamba taking CREIDT for "saving" GM?


Hmmm.
I heard a rumor GM's pension plan was severely
underfunded . . .

http://money.cnn.com/2012/02/15/autos/gm_pension/index.htm

GM said its pension plan was underfunded. The automaker said it would release more details on that Thursday.

The automaker said that part of its incentive for switching the plan to a 401(k) is to transfer investor liability from the employer to the employee.

>>>

(People with entegrity would investigate this matter.)
Zim.




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