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Originally Posted by David Harville
So, "fully funded" means that the plan sponsor (GM in this case) has made enough contributions that, after applying investment return assumptions and mortality assumptions, will cover all future payment obligations.
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Ok if this is true then someone is not telling the whole truth.
Martinjlm claims that GM's funds are "fully funded" meaning they are not a burden on current employees. Lets see where is it? Here it is:
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GM's pension fund is fully funded.
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But earlier someone said:
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Currently GM and Ford are supporting 2 -1/2 retirees for every employee on the roles.
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You can't have it both ways, either that or Wiki is wrong.