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Originally Posted by lakedude
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.
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My definition of "Fully Funded" is based on how the financial community rates companies' adherence to requirements to fund pension plans. I'm not smart enough in this area to know if that means that everyone's pension is in a "locked box" (to borrow a phrase). I do know that to the standards set by Wall Street analysts, GM's US Employee Pension Plans are fully funded, which puts it in the minority for companies doing business in the US.
Peace,
Martin
I am NOT the official voice of GM with respect to Hybrid issues
I am NOT the official voice of GM with respect to Hybrid issues
I am NOT the official voice of GM with respect to Hybrid issues