GM To Cut $26 Billion From US Pension Liability Of Nearly $109 Billion

- GM to cut about one-fourth of U.S. pension liability (Reuters, June 1, 2012): DETROIT (Reuters) – General Motors Co will cut nearly a quarter of its U.S. pension obligation by transferring the management of its pension plans for 118,000 white-collar retirees to a third party and offering lump-sum buyouts. The two moves unveiled on [...] continue reading world news