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GM Says No Pension Contributions Coming for Next 5 Years
Pensions & Investments Link to more items from this source
Feb. 14, 2013

"General Motors Co., Detroit, does not expect to make any mandatory pension contributions for the next five years, according to its fourth-quarter earnings statement. GM completed its annuity purchase with Prudential Insurance Co. of America in the fourth quarter, resulting in $28 billion in reduced pension liabilities, or 25% reduction. The U.S. pension plans were about 84% funded with $13.1 billion in unfunded liabilities at the end of 2012[.]"

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