GM to offer lump sums to 42,000 white-collar retirees | MLive.com
In February, GM announced it would eliminate traditional pensions for its 26,000 current salaried U.S. workers.
The changes included terminating all traditional pensions and moving to a 401(k)-type retirement fund, an extra week of vacation time and performance-based bonuses instead of "across the board pay raises."
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