Jump to content
CaddyInfo Cadillac Forum

Good Pension News for GM


Recommended Posts

GM wins pension case against U.S.

NEW YORK (Reuters) - A federal court has ruled in favor of General Motors Corp. in its bid to recover as much as $253 million from the federal government for one of its underfunded pension plans, the Wall Street Journal reported on Wednesday.

The decision, by Judge Nancy Firestone of the U.S. Court of Federal Claims, is the first of its kind and may trigger moves by other government contractors to try to recoup some of the underfunding of pension funds that existed when the contractors closed or sold divisions, the newspaper said.

The paper said the U.S. government is likely to appeal the decision and any potential recovery could take years.

A spokesman for GM said it wouldn't be appropriate to comment until the matter has been fully resolved, the Journal said


Happiness is owning a Cadillac with no codes.

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...