"Scott Seidman" wrote in message
. 1.4...
"Calif Bill" wrote in
m:

The major difference is the GM has about 2 retirees for every worker.
Those payments about double the labor costs.

One would think that a responsible company would properly endow pension
plans as they went along. Isn't that the only tenable way to do this??


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Scott
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Maybe they invested in GM stock?
Maybe the UAw should have handled the retirement like the teamsters and
carpenters unions.