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General Motors Becomes the Latest Company to Offload Retiree Healthcare Liabilities to a Trust. Who Will Be Next?
CFO 
Sept. 28, 2007 Excerpt: VEBAs became popular after a 2003 tax court ruling made the trusts more viable. The ruling, in response to a dispute brought by Wells Fargo & Co., eases the annual funding restriction on companies setting up new trusts, allowing employers to contribute large lump-sum amounts for current retirees and take the full tax deduction. MORE >> |
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