Friday is the deadline for 42K salaried General Motors (GM) retirees to choose between a...

|About: General Motors Company (GM)|By:, SA News Editor

Friday is the deadline for 42K salaried General Motors (GM) retirees to choose between a lump-sum buyout or keeping a monthly pension payment. The investment community in Detroit is in a bit of a frenzy over the issue, with financial planners and investment advisers running radio ads and holding seminars in an effort to land new accounts for ex-GM workers who take the buyout. On the corporate front, other large companies weighing their own pension obligation matrix will keep an eye on how the numbers work out for GM.

Subscribe for full text news in your inbox