What happens to retirment pensions and medical if GM files bankruptcy?

Posted: under Pensions.
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Pensions
Mike B asked:


My mother is collecting my fathers pension and medical benefits my father earned while working for and retireing from General Motors. IF the fold, file bankrupcy or are sold will she loose everything? Is there any way to secure these benefits agaist GM’s miss managment?

Diego

Comments (1) Feb 15 2008

Future of General Motors retirement pensions?

Posted: under Pensions.
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Pensions
Harvey asked:


If General Motors continues to slip what will happen to all of their retirees? Will they simply be “out of luck” if GM continues to fail? I’m just curious because I’m from MI and I know a lot of GM retirees. Thanks in advance!

Jayden

Comments (3) Sep 27 2007