Regional Vice President of Sales The Retirement Plan Company
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Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Ford and GM Face $2.5 Billion First VEBA Bill December 31
Workforce Management; free registration required Nov. 25, 2009
Excerpt: When Ford Motor Co. and General Motors Co. hand over health care for hourly retirees to the United Auto Workers on December 31, they also will hand over checks totaling nearly $2.5 billion. Ford owes the most. As a first installment on a $13.2 billion obligation, Ford is scheduled to pay $1.9 billion to a UAW-administered health care trust. That total includes at least $1.3 billion in cash, with the remainder in Ford stock. The automakers' health care trusts are known as voluntary employee beneficiary associations.
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