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On June 1, General Motors brought to the table a plan intended to reduce their pension liability by 26 billion dollars. The plan will affect approximately 42,000 U.S. GM qualified beneficiaries and retirees. The website http://www.gmpensionbuyout.net has helpful information that outlines changes for plan participants. With a deadline of July 20, 2012 fast approaching, it is suggested that any decisions be reviewed by a qualified financial planner before being finalized.
11 months ago on GM and the UAW Tentatively Agree on New Contract