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Originally Posted by rcworker
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The article never states that GM directly took money from the pension fund. What it stated was that the fund went down in assets. Never said how but since GM lost its stock price and I would venture to guess that part of the Pension was invested in GM? Other pensions have been hit hard with the stock market drop also. They also talked about the buyouts making it so that more people were taking advantage of the Pension at a quicker rate.
With the baby boomers starting to retire, we should all get ready for the strain on all the pension funds. Hopefully, the promise is still smaller than the funds.....