* Buy-out options offered to employees ( see post 8), They will get rid of all this liability, where as Ford still would carry some with their plan.
* Sell assets in Pension Plan to Payout either in Cash or to buy an Annuity or Annuity w/ survior benefits.
* The Liability is then eliminated by paying out in Cash ( all Liability to invest is w/ the Retiree) or the purchasing of an Annunity Contract of which GM has no Liability, the contract is then between Retiree and Prudential.
But GM needs cash to do these options, ergo sell these "funds" to do it, to the Chinese...
Thanks. The buy-out offered to retirees was only offered to white collar workers. GM may be considering offering the retiree buy-out to hourly, but no one is sure yet.
May be why they are looking for more liquid cash, right?