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Originally Posted by Droid13
What I never quite understood was the concept of funding pensions and health care out of future earnings. GM is paying NOW for all those liabilities they agreed to years ago. For my own personal pension plan my workplace contributes into that yearly. No matter what happens in the future, that part of my pension is already paid for. For all those GM employees out their working for their pension, The 2007 Chev you're building is paying for good old retired Bob to fill his Viagra prescription after back from his fishing trip. Better hope the 2021 model year Chevy HyperNova sells well so you can go fishing too...
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There's another thread where I went through exhaustive detail to point out that GM is currently funding pension requirements for all retired
AND CURRENT employees, based on current financial standards for actuarial estimates. I'd prefer not to go through that again, so if anybody remembers the thread, please post a link to it.
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