Saturday, June 2, 2012

GM Lump Sum Offer White Paper

On June 1, General Motors announced a plan to reduce its pension liability by an expected 26 Billion dollars. We just released our Prototype White Paper on the GM Lump Sum offer, which can be accessed by clicking here.

This move by GM is similar to one recently announced by Ford Motor Company. GM plans to provide select U.S. salaried retirees a lump-sum payment offer and other retirees with a continued monthly pension payment securely administered and paid by The Prudential Insurance Company of America. Approximately 42,000 salaried retirees and surviving beneficiaries will be eligible for the lump-sum offer. LJPR’s White Paper is currently available on our website and can give Retirees a start on some of the issues they need to consider when making this decision.