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Monday, June 11, 2012

GM Terminating Insured Pension with Lump Sum Offer

With the Lump Sum Offer to its members, GM is terminating the pension and the PBGC will no longer insure the Prudential annuity. We have updated our White Paper – with numbers, data and scenarios – analyzing the GM Lump Sum offer to help GM retirees decipher their lump sum offer from General Motors. This White Paper can give retirees a start on some of the issues they need to consider when making this decision.

Our updated White Paper also includes a new appendix interpolating the IRS Mortality table and projecting hurdle rates that retirees will need to achieve based on age.

For the updated GM Lump Sum White Paper, click here.