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GM Seen Fueling Pension Deals as Employers Face 'Greece-Sized' Funding Gap
Bloomberg 
June 19, 2012
"[I]nsurers that expect the GM deal to encourage more corporations to offload plans. Pension liabilities exceed assets by more than $435 billion, according to [Bloomberg] ... Greece, facing demands for austerity measures in exchange for rescue funds, had total debt of about $450 billion at the end of 2011.... 'The pension world will forever remember this transaction as the beginning of the era of pension de-risking,' said [the] head of pension risk transfer at Prudential [the insurer that will provide annuities for the GM plan]."
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