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Does anyone know for sure, what happens to the benefits and pensions of GM retirees, should GM go bankrupt? My understanding is that the plan is fully funded a
by patrickg-zill 18y ago
Does anyone know for sure, what happens to the benefits and pensions of GM retirees, should GM go bankrupt?
My understanding is that the plan is fully funded and is a separate entity at this point; thus no change for those already retired.
- cjenkins 18y agoI believe they would be protected under the http://www.pbgc.gov/ http://www.pbgc.gov/ at the very least. I'm not sure how it is structured in GM's specific case though.