Retiree pensions are at risk
Wednesday, April 15, 2009
Retiree pensions are at risk
Fed insurer fears auto failures
David Shepardson / Detroit News Washington Bureau
Washington — General Motors Corp. and Chrysler LLC retirees and employees could lose $23 billion in pension benefits if the companies terminate their retirement plans in bankruptcy, the government’s pension insurance agency warned Tuesday.
Neither GM nor Chrysler plans [...]