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Automaker Pension Funding and Challenges for the Future

The new GM and the new Chrysler that were established during each company?s bankruptcy process in the summer of 2009 assumed sponsorship for all the old companies? U.S. defined benefit plans. Although the pension plans have been maintained, their future remains uncertain. According to current company projections, large contributions may be needed to comply with federal pension funding requirements within the next 5 years.

Automaker Pension Funding and Challenges for the Future
xcel, Apr 7, 2010
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