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Lump sum

Decision time nears for GM, Ford retirees on lump sum offer

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Put a pile of money on the table before thousands of retirees from two major carmakers. Will they grab it? Or do they skip it and stick with their regular monthly check?

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Ford retiree group critical of company's lump sum pension offer

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An association for Ford retirees has hired consultants, lawyers and accountants to review Ford Motor Co.'s plan to offer lump sum pension payouts this summer.

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Feds offer AMR relief on pilots' pension standoff

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A proposed federal regulation would help American Airlines freeze the pension plan for its pilots instead of terminating the plan.

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GM pensions: Not all retirees, officials see offer as a 'win-win'

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General Motors Co.’s pension buyout offer to white-collar retirees isn’t necessarily the “win-win” situation executives made it out to be, according to some retirees and officials.

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GM Seen Fueling Pension Deals as Employers Face Shortfall

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General Motors Co. (GM)’s deal to cut pension obligations by $26 billion and shift plans to Prudential Financial Inc. (PRU) is poised to fuel more transfers as U.S. firms face a retirement-funding shortfall the size of Greece’s debt.

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GM pension changes leave retirees' money unprotected, group says

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The General Motors Retirees Association is protesting GM's plan to buy out pensions of up to 42,000 U.S. salaried retirees and move other retirees to an annuity program controlled by Prudential Insurance Co. of America.

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Lump-sum pension offer a tough call for General Motors, Ford retirees

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Chuck White, 68, regularly tells friends who are Ford salaried retirees that they shouldn't get an ulcer worrying about whether to take a new lump-sum pension offer.

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GM's pension move is a lemon

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Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment.

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Are GM-like pension offers a good deal?

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Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.

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Certain Ford Retirees Face Major Pension Decision

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Ford Motor Company is making tens of thousands of white-collar retirees decide whether they want to keep getting their pension in monthly installments, or get a lump sum payout. Ford sees the unprecedented move as a way to reduce the company's liabilities.

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