Pension News
GM to shift white-collar pensions to annuity
General Motors Co. will change the way it makes pension payments to white-collar retirees, shoring up its finances by offering buyouts and shifting liabilities to an annuity.The moves will unload $26 billion in pension liabilities from the Detroit automaker's books, and experts say the changes are likely the start of a trend as companies with defined benefit pension plans try to cut risk and administrative
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