This is creating a dangerous and potentially devastating trend. This summer, GM disposed of $26 billion worth of its retirees' pensions by purchasing insurance company annuities or offering others buyouts.
http://ww2.wwws-press.com/apps/pbcs.dll/article?AID=2012312310031
http://ww2.wwws-press.com/apps/pbcs.dll/article?AID=2012312310031
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