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$29.4 billion in unfunded GM pension liabilities 11/10/10

http://www.pionline.com/article/20101110/DAILYREG/101119991

By Timothy Inklebarger; Pensions & Investments ~ Nov 10, 2010

 

General Motors Co., Detroit, reported $29.4 billion in unfunded liabilities for its global defined benefit pension plans as of Sept. 30 in a quarterly earnings statement released Wednesday.

 

The company announced in late October plans to contribute at least $4 billion in cash and $2 billion in GM common stock to the automaker’s $85.9 billion U.S. hourly and salaried pension plans.

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