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Originally Posted by martinjlm
Your assessment is mis-placed. GM's pension fund is fully funded. But where do you think the funding comes from? From revenue from vehicle sales. No matter when or how you account for it, it is a burden that companies that are headquartered in countries that socialize health care and retirement are not burdened with.
Peace,
Martin
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Fully funded means something different to you than it does to me. What you are saying is that GM is keeping up with the payments, correct? I'm saying there should be no payments because the retirements should have been funded from the cars that were sold while the retirees were still employed. All the money to support a retiree should already be in the bank the first day of retirement.