General Motors to buy out the pensions of salaried retirees?

Article by Christian Andrei, on May 15, 2012

After Ford Motor Co. made the offer in April to buy out the pensions of salaried retirees, the spotlight is now on whether General Motors is doing the same thing. GM hasn’t commented about the possibility of a pension buyout officially. CFO Dan Ammann said earlier this month that several alternatives are being studied.

However, at the General Motors Retirees Association's Web site come hints of what GM is planning. This group represents mostly GM salaried retirees. Several retirees have divulged that a third-party firm, polling group Gallup, has asked them recently about their willingness to accept a pension buyout.

Gallup asked GM retirees if they could accept a lump sum 'pension buyout' by GM instead of a monthly pension benefit. A GM spokesman declined to make any confirmation. He would only say that the company is surveying its key stakeholders on various topics. [source: Autonews]

Topics: gm

If you liked the article, share on:


Login or Create new account to add a comment!


More than three decades ago, the DeLorean DMC-12 was produced by the DeLorean Motor Company. However, production was stopped due to issues within the company. The car itself was decent...
by - October 27, 2016
Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016
So, it is official! The new Honda Clarity FCV has the longest verified range of any zero-emissions vehicle currently on the road in the United States. One of the main...
by - October 27, 2016
Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016