General Motors Co.
The U.S. government urged General Motors Co. to improve pensions of some Delphi Automotive union retirees while cutting those of salaried workers to help ensure a speedy emergence from a GM...
August 16, 2013 | 10:57 am
Walter G. Borst —chairman, CEO, chief investment officer and president of General Motors Asset Management Corp. — was named executive vice president and chief financial...
June 27, 2013 | 01:36 pm
General Motors Co., Detroit, does not expect to make any mandatory pension contributions for the next five years, according to its fourth-quarter earnings statement.
February 14, 2013 | 04:03 pm
The news about Ford and GM making lump-sum offers last year led to a flurry of speculation that the DB cashout option would gain momentum as a risk-management strategy for many more companies.
January 30, 2013 | 09:18 am
General Motors Co. is in discussions with the United Auto Workers union on offering lump-sum pension payments, confirmed GM spokesman Dave Roman.
January 09, 2013 | 04:04 pm
General Motors UK Ltd. entered into a £230 million ($371 million) pension buy-in annuity contract with Rothesay Life to secure the pension benefits of all participants in the General Motors UK...
December 13, 2012 | 04:02 pm
The U.S. Supreme Court on Monday rebuffed an effort by State Street Bank & Trust to stop a class-action lawsuit claiming that it had breached its fiduciary duty by failing to sell General Motors Corp....
December 03, 2012 | 04:20 pm
Milla Krasnopolsky was named senior consultant and lead strategist for dynamic solutions at Mercer.
November 12, 2012 | 12:46 pm
CalPERS' pending agreement to buy the half interest of a suburban Chicago shopping mall that it doesn't already own is a relatively rare transaction in a white-hot corner of the real estate market.
November 12, 2012
The roughly 30% of eligible salaried retirees who have accepted General Motors Co.'s offer to convert their monthly annuity to a lump sum benefit is a solid response to the trailblazing approach that ...
November 06, 2012 | 04:47 pm
GM and Ford were the first to venture down the road of lump-sum payments, but the federal highway bill has turned that road into an expressway with at least 10 other companies following suit.
October 15, 2012
CalPERS is set to take full ownership of the Schaumburg, Ill. Woodfield Mall in a deal that values the shopping center, the largest in the Chicago area, at more than $1 billion.
October 10, 2012 | 10:12 am
General Motors Co. plans to transfer $29 billion in assets from its pension plan to Prudential Financial Inc.'s insurance unit to fund the automaker's annuitization proposal — the largest such...
August 22, 2012 | 12:01 am
General Motors Co.'s annuitization of $26 billion in pension obligations should be a game-changer for corporations in the way they finance and manage defined benefit plan risk.
August 20, 2012
A “one-size-fits-all” risk mitigation strategy for corporate defined benefit plans does not exist, particularly in the current environment.